# PPP loan: R & D ELECTRONICS INC
> **$622K** approved 05/01/2020 · Paid in Full · Loan `9610747710`
## Borrower
- **Name:** R & D ELECTRONICS INC
- **Address:** 5501 Hwy 431 S, Brownsboro, AL, 35741-9772
- **NAICS:** 331222
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $625K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $622K
- **Jobs reported:** 77
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*