# PPP loan: R N D RUSTICS INC
> **$270K** approved 04/05/2020 · Exemption 4 · Loan `5202567010`
## Borrower
- **Name:** R N D RUSTICS INC
- **Address:** 11721 FM 1488, Magnolia, TX, 77354
- **NAICS:** 442110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $203K (75%)
- **Forgiveness date:** 12/15/2020
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $270K
- **Jobs reported:** 12
## Lender
- **Originating:** Woodforest National Bank
- **Servicing:** Woodforest National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*