# PPP loan: RCT SYSTEMS, INC.
> **$1.15M** approved 04/30/2020 · Paid in Full · Loan `5508087305`
## Borrower
- **Name:** RCT SYSTEMS, INC.
- **Address:** 1705 Twin Springs Road, Suite 107, Baltimore, MD, 21227
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 44
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*