# PPP loan: PLATINUM RAPID FUNDING GROUP, LTD.
> **$585K** approved 04/15/2020 · Charged Off · Loan `1741607206`
## Borrower
- **Name:** PLATINUM RAPID FUNDING GROUP, LTD.
- **Address:** 348 RXR PLZ, UNIONDALE, NY, 11556-0348
- **NAICS:** 541890
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $145K (25%)
- **Forgiveness date:** 06/16/2022
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $585K
- **Jobs reported:** 30
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*