# PPP loan: RMS INDUSTRIES OF NEW YORK INC
> **$593K** approved 01/25/2021 · Paid in Full · Loan `5681528306`
## Borrower
- **Name:** RMS INDUSTRIES OF NEW YORK INC
- **Address:** 95 Hoffman Ln Ste F, Islandia, NY, 11749-5020
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $593K
- **Initial approval:** $593K
- **Forgiven:** $596K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $592K
- **Utilities:** $1
- **Jobs reported:** 30
## 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*