# PPP loan: RALCO INDUSTRIES, INC.
> **$620K** approved 04/06/2020 · Paid in Full · Loan `5866237008`
## Borrower
- **Name:** RALCO INDUSTRIES, INC.
- **Address:** 1112 River Street, WOONSOCKET, RI, 02895-1825
- **NAICS:** 325211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $627K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $620K
- **Jobs reported:** 41
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*