# PPP loan: R & R AUTOMATION
> **$175K** approved 03/15/2021 · Charged Off · Loan `2859228609`
## Borrower
- **Name:** R & R AUTOMATION
- **Address:** 2130 Appalachian Dr, Martinsville, VA, 24112-7736
- **NAICS:** 423690
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*