# PPP loan: RAPID-LINE INC EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN
> **$1.14M** approved 04/09/2020 · Paid in Full · Loan `1096717102`
## Borrower
- **Name:** RAPID-LINE INC EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN
- **Address:** 1475 Gezon Parkway SW 0.0, Wyoming, MI, 49509-9388
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $915K
- **Rent:** $64K
- **Utilities:** $60K
- **Health care:** $89K
- **Debt interest:** $15K
- **Jobs reported:** 106
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*