# PPP loan: RAKA CORPORATION
> **$1.00M** approved 04/13/2020 · Paid in Full · Loan `5029357110`
## Borrower
- **Name:** RAKA CORPORATION
- **Address:** 203 MATZINGER RD, TOLEDO, OH, 43612-2624
- **NAICS:** 332710
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $752K
- **Health care:** $251K
- **Jobs reported:** 75
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*