# PPP loan: RGEC INC
> **$218K** approved 02/04/2021 · Paid in Full · Loan `3107278408`
## Borrower
- **Name:** RGEC INC
- **Address:** 6260 Riverside Plaza Ln NW Ste A, Albuquerque, NM, 87120-1707
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $219K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $218K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Southwest Capital Bank
- **Servicing:** Southwest Capital Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*