# PPP loan: RAC LR, INC.
> **$156K** approved 04/29/2020 · Paid in Full · Loan `2634307307`
## Borrower
- **Name:** RAC LR, INC.
- **Address:** 1 SUN VALLEY DR, SPRING BRANCH, TX, 78070-7005
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 38
## Lender
- **Originating:** Broadway National Bank
- **Servicing:** Broadway National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*