# PPP loan: RATHCO SAFETY SUPPLY, INC.
> **$298K** approved 04/08/2020 · Paid in Full · Loan `8729047007`
## Borrower
- **Name:** RATHCO SAFETY SUPPLY, INC.
- **Address:** 6742 Lovers Lane, PORTAGE, MI, 49002-3669
- **NAICS:** 444190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $20K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 22
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*