# PPP loan: TRC ELECTRONICS, INC.
> **$524K** approved 04/28/2020 · Paid in Full · Loan `9609507210`
## Borrower
- **Name:** TRC ELECTRONICS, INC.
- **Address:** 4171 Stony Lane, DOYLESTOWN, PA, 18902
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $393K
- **Rent:** $105K
- **Utilities:** $26K
- **Jobs reported:** 34
## Lender
- **Originating:** ESSA Bank & Trust
- **Servicing:** ESSA Bank & Trust (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*