# PPP loan: RTE ENTERPRISES, INC.
> **$2.49M** approved 04/29/2020 · Paid in Full · Loan `3691897310`
## Borrower
- **Name:** RTE ENTERPRISES, INC.
- **Address:** 21530 Roscoe Blvd., CANOGA PARK, CA, 91304-4144
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.49M
- **Initial approval:** $2.49M
- **Forgiven:** $2.51M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.86M
- **Rent:** $249K
- **Mortgage interest:** $249K
- **Utilities:** $124K
- **Jobs reported:** 300
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*