# PPP loan: RAPID-LINE ESOP TRUST
> **$1.37M** approved 01/28/2021 · Paid in Full · Loan `7472788306`
## Borrower
- **Name:** RAPID-LINE ESOP TRUST
- **Address:** 1475 Gezon Pkwy SW, Wyoming, MI, 49509-9388
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 04/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 81
## Lender
- **Originating:** Union Bank
- **Servicing:** Union Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*