# PPP loan: REL INC.
> **$595K** approved 02/09/2021 · Paid in Full · Loan `5830208407`
## Borrower
- **Name:** REL INC.
- **Address:** 57640 11th St, Calumet, MI, 49913-3118
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $595K
- **Initial approval:** $595K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $595K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** IncredibleBank
- **Servicing:** IncredibleBank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*