# PPP loan: RUTI INC.
> **$462K** approved 02/19/2021 · Paid in Full · Loan `1480738501`
## Borrower
- **Name:** RUTI INC.
- **Address:** 1300 Elmer St Ste B, Belmont, CA, 94002-4011
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $462K
- **Initial approval:** $462K
- **Forgiven:** $467K (101%)
- **Forgiveness date:** 04/26/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $462K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*