# PPP loan: THE RACK LLC
> **$184K** approved 01/20/2021 · Paid in Full · Loan `1933748301`
## Borrower
- **Name:** THE RACK LLC
- **Address:** 5016 Access Rd, Carrabassett Valley, ME, 04947-6817
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $184K
- **Initial approval:** $184K
- **Forgiven:** $185K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $184K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Skowhegan Savings Bank
- **Servicing:** Skowhegan Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*