# PPP loan: 8701 RAM INC
> **$389K** approved 04/15/2020 · Paid in Full · Loan `8976077100`
## Borrower
- **Name:** 8701 RAM INC
- **Address:** 8701 Ramsey Ave, SILVER SPRING, MD, 20910
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Utilities:** $97K
- **Jobs reported:** 44
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*