# PPP loan: PAUL J. RACH INC
> **$649K** approved 04/14/2020 · Paid in Full · Loan `6018797101`
## Borrower
- **Name:** PAUL J. RACH INC
- **Address:** 1115 MIDDLE RIVER RD, MIDDLE RIVER, MD, 21220-2407
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $649K
- **Initial approval:** $649K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $649K
- **Jobs reported:** 47
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*