# PPP loan: RT ELECTRIC INC
> **$463K** approved 03/24/2021 · Paid in Full · Loan `7782378601`
## Borrower
- **Name:** RT ELECTRIC INC
- **Address:** 480 N 17th St, Las Cruces, NM, 88005-4148
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $463K
- **Initial approval:** $463K
- **Forgiven:** $467K (101%)
- **Forgiveness date:** 02/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $463K
- **Jobs reported:** 59
## Lender
- **Originating:** Pioneer Bank
- **Servicing:** Pioneer Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*