# PPP loan: RIVER CITY CONTRACTORS INC
> **$548K** approved 04/12/2020 · Charged Off · Loan `4113097102`
## Borrower
- **Name:** RIVER CITY CONTRACTORS INC
- **Address:** 1510 Montana Ave, JACKSONVILLE, FL, 32207-8643
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $548K
- **Initial approval:** $548K
- **Forgiven:** $193K (35%)
- **Forgiveness date:** 01/21/2022
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $411K
- **Rent:** $137K
- **Jobs reported:** 194
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*