# PPP loan: R.L. LIPTON DISTRIBUTING CO., INC.
> **$1.20M** approved 04/13/2020 · Paid in Full · Loan `4282917100`
## Borrower
- **Name:** R.L. LIPTON DISTRIBUTING CO., INC.
- **Address:** 5900 Pennsylvania Ave. 0.0, Maple Heights, OH, 44137-4302
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $994K
- **Utilities:** $25K
- **Health care:** $178K
- **Jobs reported:** 98
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*