# PPP loan: RNH ELECTRIC COMPANY OF NJ, INC
> **$591K** approved 04/15/2020 · Paid in Full · Loan `9868787109`
## Borrower
- **Name:** RNH ELECTRIC COMPANY OF NJ, INC
- **Address:** 509 Highway 79, Marlboro Township, NJ, 07751
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $598K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $541K
- **Health care:** $50K
- **Jobs reported:** 42
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*