# PPP loan: RAINBOLT TECH SERVICES, INC
> **$219K** approved 04/28/2020 · Paid in Full · Loan `7036067201`
## Borrower
- **Name:** RAINBOLT TECH SERVICES, INC
- **Address:** 130 SW ERIN GLN, LAKE CITY, FL, 32024-4947
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 35
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*