# PPP loan: RC MECHANICAL INC.
> **$320K** approved 04/07/2020 · Paid in Full · Loan `7377897005`
## Borrower
- **Name:** RC MECHANICAL INC.
- **Address:** 51231 US Highway 41, HANCOCK, MI, 49930-9820
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $322K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $297K
- **Rent:** $17K
- **Utilities:** $6K
- **Jobs reported:** 24
## Lender
- **Originating:** Superior National Bank
- **Servicing:** Superior National Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*