# PPP loan: RACM, INC.
> **$743K** approved 04/06/2020 · Paid in Full · Loan `5715167003`
## Borrower
- **Name:** RACM, INC.
- **Address:** 1510 15TH ST, WICHITA FALLS, TX, 76301-5117
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $743K
- **Initial approval:** $743K
- **Forgiven:** $748K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $743K
- **Jobs reported:** 190
## Lender
- **Originating:** American National Bank & Trust
- **Servicing:** American National Bank & Trust (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*