# PPP loan: RICH BATTERY AND METAL CO.
> **$302K** approved 01/16/2021 · Paid in Full · Loan `1279628305`
## Borrower
- **Name:** RICH BATTERY AND METAL CO.
- **Address:** 325 W Mayne St, Blue Grass, IA, 52726-9000
- **NAICS:** 331410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $302K
- **Jobs reported:** 41
## Lender
- **Originating:** Blue Grass Savings Bank
- **Servicing:** Blue Grass Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*