# PPP loan: FIRST RATE INDUSTRIES LTD
> **$448K** approved 01/26/2021 · Paid in Full · Loan `6003718310`
## Borrower
- **Name:** FIRST RATE INDUSTRIES LTD
- **Address:** 2079 Hollansburg Richmond Rd, Hollansburg, OH, 45332-9721
- **NAICS:** 332311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $448K
- **Jobs reported:** 38
## Lender
- **Originating:** The Farmers State Bank
- **Servicing:** The Farmers State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*