# PPP loan: RAKER RHODES ENGINEERING, LLC
> **$510K** approved 04/05/2020 · Paid in Full · Loan `5289277008`
## Borrower
- **Name:** RAKER RHODES ENGINEERING, LLC
- **Address:** 4717 GRAND AVE, DES MOINES, IA, 50312-2001
- **NAICS:** 541330
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Rent:** $14K
- **Utilities:** $6K
- **Jobs reported:** 29
## Lender
- **Originating:** Freedom Financial Bank
- **Servicing:** Freedom Financial Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*