# PPP loan: RSB TRANSMISSIONS NA INC
> **$1.14M** approved 04/29/2020 · Paid in Full · Loan `1997547303`
## Borrower
- **Name:** RSB TRANSMISSIONS NA INC
- **Address:** 24425 Michigan 60, Homer, MI, 49245
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $854K
- **Utilities:** $285K
- **Jobs reported:** 105
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*