# PPP loan: RALDEX III INC
> **$176K** approved 04/15/2020 · Paid in Full · Loan `9488057100`
## Borrower
- **Name:** RALDEX III INC
- **Address:** 3000 W Radio Dr, Florence, SC, 29501
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Mortgage interest:** $18K
- **Utilities:** $9K
- **Health care:** $18K
- **Jobs reported:** 41
## Lender
- **Originating:** First Reliance Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*