# PPP loan: RTC DISTRIBUTION INC.
> **$406K** approved 04/30/2020 · Paid in Full · Loan `6545507304`
## Borrower
- **Name:** RTC DISTRIBUTION INC.
- **Address:** 1227 West Saint Georges Avenue, Linden, NJ, 07036
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $15K
- **Utilities:** $6K
- **Health care:** $5K
- **Jobs reported:** 34
## Lender
- **Originating:** Farmers State Bank of Alto Pass, Illinois
- **Servicing:** Farmers State Bank of Alto Pass, Illinois (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*