# PPP loan: RAI CONCRETE INC.
> **$544K** approved 05/01/2020 · Paid in Full · Loan `2799197701`
## Borrower
- **Name:** RAI CONCRETE INC.
- **Address:** 1827 BLACKHAWK DR, WEST CHICAGO, IL, 60185
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $544K
- **Initial approval:** $544K
- **Forgiven:** $552K (102%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $457K
- **Rent:** $7K
- **Utilities:** $2K
- **Health care:** $75K
- **Debt interest:** $3K
- **Jobs reported:** 25
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*