# PPP loan: RCD TIMBER PRODUCTS INC
> **$597K** approved 04/10/2020 · Paid in Full · Loan `2113037107`
## Borrower
- **Name:** RCD TIMBER PRODUCTS INC
- **Address:** 1699 MATASSINO RD, NEW CASTLE, DE, 19720-2086
- **NAICS:** 322211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $602K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $597K
- **Jobs reported:** 40
## Lender
- **Originating:** NexTier Bank, National Association
- **Servicing:** NexTier Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*