# PPP loan: RYDALCH ELECTRIC INC.
> **$1.90M** approved 04/13/2020 · Paid in Full · Loan `5155317110`
## Borrower
- **Name:** RYDALCH ELECTRIC INC.
- **Address:** 250 W PLYMOUTH AVE, SOUTH SALT LAKE CITY, UT, 84115-4324
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.91M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.89M
- **Jobs reported:** 128
## Lender
- **Originating:** Continental Bank
- **Servicing:** Continental Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*