# PPP loan: RTS ENTERPRISES INC
> **$398K** approved 04/02/2021 · Paid in Full · Loan `5568188701`
## Borrower
- **Name:** RTS ENTERPRISES INC
- **Address:** 3204 Greystone Ct SE, Rio Rancho, NM, 87124-1261
- **NAICS:** 812199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $398K
- **Initial approval:** $398K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $397K
- **Utilities:** $1
- **Jobs reported:** 90
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*