# PPP loan: RMC RELIABLE MACHINISTS CORP
> **$248K** approved 04/06/2021 · Exemption 4 · Loan `7275028705`
## Borrower
- **Name:** RMC RELIABLE MACHINISTS CORP
- **Address:** 7102 Belgold St, Houston, TX, 77066-1004
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $218K (88%)
- **Forgiveness date:** 07/28/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*