# PPP loan: RMD ELECTRIC CORPORATION
> **$723K** approved 04/12/2020 · Paid in Full · Loan `3895997100`
## Borrower
- **Name:** RMD ELECTRIC CORPORATION
- **Address:** 218-26 HEMPSTEAD AVE, QUEENS VILLAGE, NY, 11429-1235
- **NAICS:** 221118
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $723K
- **Initial approval:** $820K
- **Forgiven:** $731K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $723K
- **Jobs reported:** 25
## Lender
- **Originating:** BankUnited, National Association
- **Servicing:** BankUnited, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*