# PPP loan: RYPOS INC.
> **$497K** approved 01/27/2021 · Paid in Full · Loan `6440698304`
## Borrower
- **Name:** RYPOS INC.
- **Address:** 40 Kenwood Cir, Franklin, MA, 02038-3298
- **NAICS:** 336310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $497K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*