# PPP loan: RAPCO DISTRIBUTING CO
> **$185K** approved 04/15/2020 · Paid in Full · Loan `2091867205`
## Borrower
- **Name:** RAPCO DISTRIBUTING CO
- **Address:** 3984 S 500 W, SALT LAKE CITY, UT, 84123
- **NAICS:** 484122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $186K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Rent:** $4K
- **Jobs reported:** 22
## Lender
- **Originating:** First Utah Bank
- **Servicing:** First Utah Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*