# PPP loan: ROTELLE DEVELOPMENT CO.
> **$372K** approved 01/23/2021 · Paid in Full · Loan `4449908303`
## Borrower
- **Name:** ROTELLE DEVELOPMENT CO.
- **Address:** 1011 Ridge Rd, Pottstown, PA, 19465-8701
- **NAICS:** 236117
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Penn Community Bank
- **Servicing:** Penn Community Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*