# PPP loan: RAPID PELLET INC.
> **$785K** approved 04/29/2020 · Paid in Full · Loan `4077457301`
## Borrower
- **Name:** RAPID PELLET INC.
- **Address:** P.O. Box 123, 100 Bonnie Drive, JERMYN, PA, 18433
- **NAICS:** 321920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $785K
- **Initial approval:** $785K
- **Forgiven:** $791K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $785K
- **Jobs reported:** 84
## Lender
- **Originating:** Community Bank, National Association
- **Servicing:** Community Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*