# PPP loan: RAC INVESTMENTS, INC.
> **$493K** approved 04/27/2020 · Paid in Full · Loan `3559647210`
## Borrower
- **Name:** RAC INVESTMENTS, INC.
- **Address:** 9597 Central Avenue, Montclair, CA, 91763
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $482K
- **Rent:** $6K
- **Utilities:** $4K
- **Jobs reported:** 47
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*