# PPP loan: RELIANCE GEAR CORPORATION
> **$583K** approved 05/03/2020 · Paid in Full · Loan `9816767308`
## Borrower
- **Name:** RELIANCE GEAR CORPORATION
- **Address:** 616 Lamont Road, Elmhurst, IL, 60126
- **NAICS:** 333612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $583K
- **Initial approval:** $583K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $583K
- **Jobs reported:** 46
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*