# PPP loan: RAG INDUSTRIAL SOLUTIONS INC
> **$875K** approved 02/04/2021 · Paid in Full · Loan `2920608409`
## Borrower
- **Name:** RAG INDUSTRIAL SOLUTIONS INC
- **Address:** 6022 Sycamore Ave, Pasadena, TX, 77503-4230
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $875K
- **Initial approval:** $875K
- **Forgiven:** $880K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $875K
- **Jobs reported:** 60
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*