# PPP loan: RAINBOW PAPER SALES INC
> **$301K** approved 04/27/2020 · Paid in Full · Loan `4946917202`
## Borrower
- **Name:** RAINBOW PAPER SALES INC
- **Address:** 1465 38TH STREET Street Address 2, BROOKLYN, NY, 11218-3613
- **NAICS:** 445110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $301K
- **Jobs reported:** 50
## Lender
- **Originating:** Community Federal Savings Bank
- **Servicing:** Community Federal Savings Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*