# PPP loan: R1 ENGINEERING INC.
> **$243K** approved 04/27/2020 · Paid in Full · Loan `5316737207`
## Borrower
- **Name:** R1 ENGINEERING INC.
- **Address:** 3866 PROSPECT AVE, WEST PALM BEACH, FL, 33404-3342
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Utilities:** $61K
- **Jobs reported:** 27
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*