# PPP loan: RIGGS INDUSTRIES, INC
> **$7.75M** approved 06/29/2020 · Paid in Full · Loan `5586648004`
## Borrower
- **Name:** RIGGS INDUSTRIES, INC
- **Address:** 2478 Lincoln Highway, STOYSTOWN, PA, 15563-7821
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.75M
- **Initial approval:** $7.75M
- **Forgiven:** $7.66M (99%)
- **Forgiveness date:** 04/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $7.75M
- **Jobs reported:** 478
## Lender
- **Originating:** Somerset Trust Company
- **Servicing:** Somerset Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*