# PPP loan: RDM ELECTRIC CO INC
> **$3.50M** approved 04/15/2020 · Paid in Full · Loan `9782997101`
## Borrower
- **Name:** RDM ELECTRIC CO INC
- **Address:** 4260 E. Brickell Street, ONTARIO, CA, 91761
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.55M (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Jobs reported:** 163
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*