# PPP loan: RICE PRECISION MANUFACTURING INC
> **$325K** approved 03/17/2021 · Paid in Full · Loan `3796098603`
## Borrower
- **Name:** RICE PRECISION MANUFACTURING INC
- **Address:** 401 E High St, Baldwin City, KS, 66006-3071
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $326K (100%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $325K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Mid-America Bank
- **Servicing:** Mid-America Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*