# PPP loan: RESEARCH PRODUCTS INTERNATIONAL CORPORATION
> **$467K** approved 04/07/2020 · Paid in Full · Loan `7212787009`
## Borrower
- **Name:** RESEARCH PRODUCTS INTERNATIONAL CORPORATION
- **Address:** 410 E BUSINESS CENTER DR, MOUNT PROSPECT, IL, 60056-2164
- **NAICS:** 334516
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $467K
- **Initial approval:** $467K
- **Forgiven:** $472K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $373K
- **Rent:** $47K
- **Utilities:** $23K
- **Debt interest:** $23K
- **Jobs reported:** 31
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*