# PPP loan: RAINBOW PLAY SYSTEMS
> **$156K** approved 04/09/2020 · Paid in Full · Loan `8936437009`
## Borrower
- **Name:** RAINBOW PLAY SYSTEMS
- **Address:** 3300 SE Crossroads Dr, GRIMES, IA, 50111-4870
- **NAICS:** 451110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Mortgage interest:** $12K
- **Utilities:** $4K
- **Jobs reported:** 12
## Lender
- **Originating:** VisionBank of Iowa
- **Servicing:** VisionBank of Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*