# PPP loan: RAPID-PACKAGING CORPORATION
> **$533K** approved 04/30/2020 · Paid in Full · Loan `4883927305`
## Borrower
- **Name:** RAPID-PACKAGING CORPORATION
- **Address:** 5151 52nd Street, GRAND RAPIDS, MI, 49512-9718
- **NAICS:** 322212
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $533K
- **Initial approval:** $533K
- **Forgiven:** $540K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $427K
- **Mortgage interest:** $107K
- **Jobs reported:** 38
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*