# PPP loan: LOAD RITE CORP
> **$1.15M** approved 04/10/2020 · Paid in Full · Loan `2492417102`
## Borrower
- **Name:** LOAD RITE CORP
- **Address:** 265 LINCOLN HIGHWAY, FAIRLESS HILLS, PA, 19030-1104
- **NAICS:** 561499
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 91
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*