# PPP loan: RAPID MACHINE INC.
> **$215K** approved 02/12/2021 · Paid in Full · Loan `7653598405`
## Borrower
- **Name:** RAPID MACHINE INC.
- **Address:** 610 N State St, Pioneer, OH, 43554-9506
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $216K (100%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $215K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*