# PPP loan: RAPID MED, LLC
> **$494K** approved 04/10/2020 · Paid in Full · Loan `2531547110`
## Borrower
- **Name:** RAPID MED, LLC
- **Address:** 8501 Justin Road, Double Oak, TX, 75077-3031
- **NAICS:** 561110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $60K
- **Utilities:** $6K
- **Jobs reported:** 25
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*