# PPP loan: RALDEX V INC
> **$188K** approved 01/21/2021 · Exemption 4 · Loan `2723828308`
## Borrower
- **Name:** RALDEX V INC
- **Address:** 3440 W Radio Dr, Florence, SC, 29501-7812
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $61K (33%)
- **Forgiveness date:** 06/06/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $188K
- **Utilities:** $1
- **Jobs reported:** 29
## 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*