# PPP loan: RAS LOGISTICS, INC.
> **$1.55M** approved 04/06/2020 · Paid in Full · Loan `5720567010`
## Borrower
- **Name:** RAS LOGISTICS, INC.
- **Address:** 2113 AEROPLEX DR, ELKHART, IN, 46514-1695
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Jobs reported:** 140
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*