# PPP loan: RAPID RECOVERY TOWING LTD.
> **$286K** approved 04/06/2020 · Paid in Full · Loan `5831737005`
## Borrower
- **Name:** RAPID RECOVERY TOWING LTD.
- **Address:** 159 W Montauk Hwy, HAMPTON BAYS, NY, 11946-2305
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Rent:** $57K
- **Jobs reported:** 37
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*