# PPP loan: RYDALCH ELECTRIC INC.
> **$1.90M** approved 02/04/2021 · Paid in Full · Loan `2792578407`
## Borrower
- **Name:** RYDALCH ELECTRIC INC.
- **Address:** 250 W Plymouth Ave, Salt Lake City, UT, 84115-4324
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.91M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.90M
- **Jobs reported:** 115
## Lender
- **Originating:** Continental Bank
- **Servicing:** Continental Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*