# PPP loan: RALDEX VI INC
> **$585K** approved 01/21/2021 · Exemption 4 · Loan `2645238301`
## Borrower
- **Name:** RALDEX VI INC
- **Address:** 2671 Hospitality Blvd, Florence, SC, 29501-7809
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $161K (28%)
- **Forgiveness date:** 06/03/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Utilities:** $1
- **Jobs reported:** 96
## Lender
- **Originating:** First Reliance Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*