# PPP loan: RHYTHM SYSTEMS INC.
> **$328K** approved 04/13/2020 · Paid in Full · Loan `5156077101`
## Borrower
- **Name:** RHYTHM SYSTEMS INC.
- **Address:** 1111 Metropolitan Ave, Suite 330, CHARLOTTE, NC, 28204-0066
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $328K
- **Initial approval:** $328K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $306K
- **Rent:** $21K
- **Utilities:** $942
- **Jobs reported:** 20
## Lender
- **Originating:** The Park National Bank
- **Servicing:** The Park National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*