# PPP loan: RACOE, INC.
> **$175K** approved 01/16/2021 · Paid in Full · Loan `1216178304`
## Borrower
- **Name:** RACOE, INC.
- **Address:** 327 College St, Red Boiling Springs, TN, 37150-2138
- **NAICS:** 315210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 39
## Lender
- **Originating:** Macon Bank and Trust Company
- **Servicing:** Macon Bank and Trust Company (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*