# PPP loan: RAPID PRODUCT SOLUTIONS, INC.
> **$223K** approved 04/13/2020 · Paid in Full · Loan `4645727102`
## Borrower
- **Name:** RAPID PRODUCT SOLUTIONS, INC.
- **Address:** 2240 Celsius Ave. Unit D, OXNARD, CA, 93030-5181
- **NAICS:** 326150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $35K
- **Utilities:** $21K
- **Jobs reported:** 19
## Lender
- **Originating:** Royal Business Bank
- **Servicing:** Royal Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*