# PPP loan: RMON NETWORKS, INC.
> **$353K** approved 05/29/2020 · Paid in Full · Loan `5008787808`
## Borrower
- **Name:** RMON NETWORKS, INC.
- **Address:** 2 Village Green Road, Hampstead, NH, 03841
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $35K
- **Utilities:** $18K
- **Jobs reported:** 22
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*