# PPP loan: R & B ELECTRONICS INC
> **$438K** approved 01/20/2021 · Paid in Full · Loan `1839548304`
## Borrower
- **Name:** R & B ELECTRONICS INC
- **Address:** 1520 Industrial Park Dr, Sault Sainte Marie, MI, 49783-1474
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $438K
- **Initial approval:** $438K
- **Forgiven:** $441K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $438K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Central Savings Bank
- **Servicing:** Central Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*