# PPP loan: ROY M. RATHE ASSOCIATES INC.
> **$555K** approved 01/27/2021 · Paid in Full · Loan `7113398305`
## Borrower
- **Name:** ROY M. RATHE ASSOCIATES INC.
- **Address:** 1650 New Hwy, Farmingdale, NY, 11735-1510
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $555K
- **Initial approval:** $555K
- **Forgiven:** $562K (101%)
- **Forgiveness date:** 05/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $555K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*