# PPP loan: RX ELECTRIC INC.
> **$1.39M** approved 04/27/2020 · Paid in Full · Loan `4120587203`
## Borrower
- **Name:** RX ELECTRIC INC.
- **Address:** 1053 Saw Mill River Road, Yonkers, NY, 10710
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Jobs reported:** 95
## Lender
- **Originating:** Orange Bank & Trust Company
- **Servicing:** Orange Bank & Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*