# PPP loan: RUSSELL PLYWOOD INC DE
> **$245K** approved 04/14/2020 · Paid in Full · Loan `7644457106`
## Borrower
- **Name:** RUSSELL PLYWOOD INC DE
- **Address:** 3 McCullough Drive, New Castle, DE, 19720
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $15K
- **Utilities:** $5K
- **Jobs reported:** 27
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*