# PPP loan: KAR-RAK CORPORATION
> **$307K** approved 06/29/2020 · Paid in Full · Loan `5963888002`
## Borrower
- **Name:** KAR-RAK CORPORATION
- **Address:** 128 CACCIOLA PL, WESTFIELD, NJ, 07090-1502
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $307K
- **Jobs reported:** 45
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*