# PPP loan: RESCO ELECTRONICS LLC
> **$590K** approved 04/09/2020 · Paid in Full · Loan `9072017008`
## Borrower
- **Name:** RESCO ELECTRONICS LLC
- **Address:** RESCO Electronics LLC, NOTTINGHAM, MD, 21236
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $590K
- **Initial approval:** $590K
- **Forgiven:** $594K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Rent:** $118K
- **Jobs reported:** 50
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*