# PPP loan: RAPID TRANSPORT LTD
> **$361K** approved 02/03/2021 · Paid in Full · Loan `2342258408`
## Borrower
- **Name:** RAPID TRANSPORT LTD
- **Address:** 1230 S State Highway 18, Kermit, TX, 79745-5256
- **NAICS:** 211120
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 06/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $361K
- **Jobs reported:** 37
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*