# PPP loan: R/C MACHINING COMPANY, INC.
> **$229K** approved 04/15/2020 · Paid in Full · Loan `8768477108`
## Borrower
- **Name:** R/C MACHINING COMPANY, INC.
- **Address:** 440 15th Street SE, GLENWOOD, MN, 56334-9103
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 18
## Lender
- **Originating:** Glenwood State Bank Incorporated
- **Servicing:** Glenwood State Bank Incorporated (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*