# PPP loan: RACHEL PARCELL INC
> **$200K** approved 01/28/2021 · Paid in Full · Loan `7886958309`
## Borrower
- **Name:** RACHEL PARCELL INC
- **Address:** 248 S State St, Orem, UT, 84058-5496
- **NAICS:** 448140
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (100%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*