# PPP loan: RAPID PRECISION MANUFACT INC
> **$308K** approved 04/07/2020 · Paid in Full · Loan `6767797000`
## Borrower
- **Name:** RAPID PRECISION MANUFACT INC
- **Address:** 911 1/2 S. Main, BRITTON, SD, 57430-0156
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $308K
- **Initial approval:** $308K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Rent:** $39K
- **Utilities:** $39K
- **Jobs reported:** 23
## Lender
- **Originating:** First Savings Bank
- **Servicing:** First Savings Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*