# PPP loan: RX ELECTRIC INC.
> **$1.39M** approved 01/25/2021 · Paid in Full · Loan `5355688302`
## Borrower
- **Name:** RX ELECTRIC INC.
- **Address:** 1053 Saw Mill River Rd, Yonkers, NY, 10710-3214
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.39M
- **Jobs reported:** 100
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*