# PPP loan: RICHTER INDUSTRIES INC
> **$310K** approved 02/03/2021 · Paid in Full · Loan `2072318401`
## Borrower
- **Name:** RICHTER INDUSTRIES INC
- **Address:** 315 N Lyle Ave, Elgin, IL, 60123-2601
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $312K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $310K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*