# PPP loan: RTC INDUSTRIES INC
> **$6.25M** approved 05/01/2020 · Paid in Full · Loan `6149717709`
## Borrower
- **Name:** RTC INDUSTRIES INC
- **Address:** 2800 GOLF RD, ROLLING MEADOWS, IL, 60008-4023
- **NAICS:** 423440
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $6.25M
- **Initial approval:** $5.90M
- **Forgiven:** $6.32M (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.25M
- **Jobs reported:** 386
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*