# PPP loan: RCP III LLC
> **$1.33M** approved 04/13/2020 · Paid in Full · Loan `4280497101`
## Borrower
- **Name:** RCP III LLC
- **Address:** 303 East Cleveland Avenue, NEWARK, DE, 19711-3712
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Rent:** $95K
- **Mortgage interest:** $11K
- **Utilities:** $68K
- **Health care:** $44K
- **Jobs reported:** 109
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*