# PPP loan: RAPIDS SHEET METAL WORKS INC
> **$261K** approved 04/08/2020 · Paid in Full · Loan `8329177001`
## Borrower
- **Name:** RAPIDS SHEET METAL WORKS INC
- **Address:** 631 17th Street North, WISCONSIN RAPIDS, WI, 54494-3712
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Rent:** $13K
- **Mortgage interest:** $497
- **Utilities:** $4K
- **Jobs reported:** 20
## Lender
- **Originating:** WoodTrust Bank
- **Servicing:** WoodTrust Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*