# PPP loan: RYCON INC
> **$239K** approved 06/16/2020 · Paid in Full · Loan `5796457901`
## Borrower
- **Name:** RYCON INC
- **Address:** 48 BROOK STREET, WEST SAYVILLE, NY, 11796-1407
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $239K
- **Initial approval:** $237K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $179K
- **Rent:** $30K
- **Utilities:** $30K
- **Jobs reported:** 20
## Lender
- **Originating:** BSD Capital, LLC dba Lendistry
- **Servicing:** Lendistry SBLC, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*