# PPP loan: RAPID CONTROL SERVICE INC.
> **$200K** approved 05/04/2020 · Paid in Full · Loan `1186437410`
## Borrower
- **Name:** RAPID CONTROL SERVICE INC.
- **Address:** 2479 28TH ST SW, GRAND RAPIDS, MI, 49519
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $203K (102%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 10
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*