# PPP loan: RESIDENTIAL BANCORP.
> **$1.71M** approved 04/15/2020 · Paid in Full · Loan `1824497205`
## Borrower
- **Name:** RESIDENTIAL BANCORP.
- **Address:** 5686 Dressler Road, NW, NORTH CANTON, OH, 44720-7764
- **NAICS:** 522292
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Rent:** $428K
- **Jobs reported:** 167
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*