# PPP loan: RC POWER INC.
> **$674K** approved 01/21/2021 · Paid in Full · Loan `3152318308`
## Borrower
- **Name:** RC POWER INC.
- **Address:** 1625 Remuda Ln, San Jose, CA, 95112-1102
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $674K
- **Initial approval:** $674K
- **Forgiven:** $677K (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $674K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*