# PPP loan: RAK CONSTRUCTION INC.
> **$622K** approved 02/05/2021 · Paid in Full · Loan `3917658406`
## Borrower
- **Name:** RAK CONSTRUCTION INC.
- **Address:** 21435 Johnson St NE, Cedar, MN, 55011-5021
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $624K (100%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $622K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** Vibrant Credit Union
- **Servicing:** Vibrant Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*