# PPP loan: RTL DEVELOPMENT COMPANY LLC
> **$585K** approved 04/07/2020 · Paid in Full · Loan `7557937001`
## Borrower
- **Name:** RTL DEVELOPMENT COMPANY LLC
- **Address:** 1528 Woodward Avenue Suite #300, DETROIT, MI, 48226-2005
- **NAICS:** 238220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $589K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $585K
- **Jobs reported:** 49
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*