# PPP loan: RAP INC.
> **$585K** approved 01/30/2021 · Paid in Full · Loan `9246488300`
## Borrower
- **Name:** RAP INC.
- **Address:** 1949 4th St NE, Washington, DC, 20002-1211
- **NAICS:** 623220
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $591K (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Jobs reported:** 81
## Lender
- **Originating:** Capital Bank, National Association
- **Servicing:** Capital Bank, National Association (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*