# PPP loan: RITBEARING CORP
> **$663K** approved 04/14/2020 · Paid in Full · Loan `7120677101`
## Borrower
- **Name:** RITBEARING CORP
- **Address:** 46 FOSTER ROAD; SUITE 6, HOPEWELL JUNCTION, NY, 12533
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $663K
- **Initial approval:** $663K
- **Forgiven:** $670K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $663K
- **Jobs reported:** 40
## Lender
- **Originating:** Tompkins Mahopac Bank, A Branch of Tompkins Community Bank
- **Servicing:** Tompkins Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*