# PPP loan: RARE DRIVE, INC.
> **$151K** approved 04/13/2020 · Paid in Full · Loan `4232577107`
## Borrower
- **Name:** RARE DRIVE, INC.
- **Address:** 10 NORTH ROAD, EAST KINGSTON, NH, 03827-2016
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 12/11/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $11K
- **Mortgage interest:** $7K
- **Utilities:** $5K
- **Jobs reported:** 11
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*