# PPP loan: RLC ENGINEERING
> **$1.37M** approved 04/13/2020 · Paid in Full · Loan `4718257105`
## Borrower
- **Name:** RLC ENGINEERING
- **Address:** 267 Whitten Road, Hallowell, ME, 04347-3034
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 70
## Lender
- **Originating:** Kennebec Savings Bank
- **Servicing:** Kennebec Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*