# PPP loan: RELIANCE CONTROLS CORPORATION
> **$542K** approved 04/27/2020 · Paid in Full · Loan `3495187203`
## Borrower
- **Name:** RELIANCE CONTROLS CORPORATION
- **Address:** 2001 YOUNG CT, RACINE, WI, 53404-1893
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $548K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $407K
- **Mortgage interest:** $68K
- **Utilities:** $68K
- **Jobs reported:** 48
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*