# PPP loan: MOLDED RUBBER & PLASTIC CORPORATION
> **$2.59M** approved 04/07/2020 · Paid in Full · Loan `6971797008`
## Borrower
- **Name:** MOLDED RUBBER & PLASTIC CORPORATION
- **Address:** 13161 W Glendale Ave, BUTLER, WI, 53007-1806
- **NAICS:** 326299
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.59M
- **Initial approval:** $2.59M
- **Forgiven:** $2.62M (101%)
- **Forgiveness date:** 05/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.94M
- **Rent:** $648K
- **Jobs reported:** 221
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*