# PPP loan: RCO ENGINEERING, INC.
> **$7.93M** approved 04/28/2020 · Paid in Full · Loan `6577427200`
## Borrower
- **Name:** RCO ENGINEERING, INC.
- **Address:** 29200 Calahan Road, Roseville, MI, 48066-1849
- **NAICS:** 336390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.93M
- **Initial approval:** $7.93M
- **Forgiven:** $8.03M (101%)
- **Forgiveness date:** 07/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.35M
- **Mortgage interest:** $1.59M
- **Jobs reported:** 500
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*