# PPP loan: RK NEWMAN ELECTRIC SERVICES INC
> **$201K** approved 03/01/2021 · Paid in Full · Loan `5714268504`
## Borrower
- **Name:** RK NEWMAN ELECTRIC SERVICES INC
- **Address:** 3890 Grey Hound Court 3890 Grey Hound Court, Midlothian, VA, 23112
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $201K
- **Jobs reported:** 18
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*