# PPP loan: RAEMICA INC.
> **$300K** approved 04/13/2020 · Paid in Full · Loan `4393337106`
## Borrower
- **Name:** RAEMICA INC.
- **Address:** 7759 VICTORIA AVE, HIGHLAND, CA, 92346-5637
- **NAICS:** 311612
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 58
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*