# PPP loan: R80 LLC
> **$498K** approved 04/30/2020 · Paid in Full · Loan `5125437306`
## Borrower
- **Name:** R80 LLC
- **Address:** 8120 Woodmont Avenue Suite 150, Bethesda, MD, 20814
- **NAICS:** 621111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Rent:** $40K
- **Utilities:** $10K
- **Health care:** $50K
- **Jobs reported:** 33
## 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*