# PPP loan: REMAC INC.
> **$518K** approved 02/04/2021 · Paid in Full · Loan `3073848403`
## Borrower
- **Name:** REMAC INC.
- **Address:** 20103 Governor Harrison Pkwy, Freeman, VA, 23856-2452
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $522K (101%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 40
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*