# PPP loan: RAPID THEORY
> **$240K** approved 03/27/2021 · Paid in Full · Loan `1975148710`
## Borrower
- **Name:** RAPID THEORY
- **Address:** 847 Northpointe Cir, North Salt Lake, UT, 84054-2925
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 07/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 37
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*