# PPP loan: R & L DEVELOPMENT COMPANY
> **$1.15M** approved 04/14/2020 · Paid in Full · Loan `7222247102`
## Borrower
- **Name:** R & L DEVELOPMENT COMPANY
- **Address:** 153 SWAN LAKE LN PO BOX 529, NEW ALEXANDRIA, PA, 15670-0529
- **NAICS:** 541713
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.32M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Utilities:** $1.15M
- **Jobs reported:** 100
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*