# PPP loan: RAG'S ELECTRIC, INC.
> **$430K** approved 04/10/2020 · Paid in Full · Loan `1446567106`
## Borrower
- **Name:** RAG'S ELECTRIC, INC.
- **Address:** 6805 HOBSON VALLEY DR, WOODRIDGE, IL, 60517-1407
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $430K
- **Jobs reported:** 29
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*