# PPP loan: R CONCEPTS INDUSTRIES, INC.
> **$1.23M** approved 04/08/2020 · Paid in Full · Loan `7769737002`
## Borrower
- **Name:** R CONCEPTS INDUSTRIES, INC.
- **Address:** 555 CR 15, ELKHART, IN, 46516-9784
- **NAICS:** 332439
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $26K
- **Utilities:** $68K
- **Jobs reported:** 138
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*