# PPP loan: RHEM INSULATION INC
> **$323K** approved 04/17/2021 · Paid in Full · Loan `5193658801`
## Borrower
- **Name:** RHEM INSULATION INC
- **Address:** 1219 Lejeune Blvd, Jacksonville, NC, 28540-6334
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $323K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*