# PPP loan: REDCO MACHINE INC.
> **$434K** approved 03/12/2021 · Paid in Full · Loan `9516248506`
## Borrower
- **Name:** REDCO MACHINE INC.
- **Address:** 3032 Forest Rd, Bedford, VA, 24523-4101
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $438K (101%)
- **Forgiveness date:** 03/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $434K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Bank of the James
- **Servicing:** Bank of the James (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*