# PPP loan: RAPID RECOVERY OF TX
> **$430K** approved 05/04/2020 · Paid in Full · Loan `1232517401`
## Borrower
- **Name:** RAPID RECOVERY OF TX
- **Address:** 3414 CHAPARRAL DR, TEMPLE, TX, 76502-2529
- **NAICS:** 541990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $131K (30%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $430K
- **Jobs reported:** 7
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*