# PPP loan: RADD LOGISTICS INC.
> **$436K** approved 05/01/2020 · Paid in Full · Loan `2717717710`
## Borrower
- **Name:** RADD LOGISTICS INC.
- **Address:** 5745 W 300 S, SALT LAKE CITY, UT, 84104
- **NAICS:** 488999
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $436K
- **Initial approval:** $436K
- **Forgiven:** $441K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $430K
- **Health care:** $6K
- **Jobs reported:** 78
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*