# PPP loan: RACK BUILDERS, INC
> **$2.48M** approved 04/06/2020 · Paid in Full · Loan `6185367000`
## Borrower
- **Name:** RACK BUILDERS, INC
- **Address:** 3809 DYE ROAD, QUINCY, IL, 62305-3333
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.48M
- **Initial approval:** $2.48M
- **Forgiven:** $2.50M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.48M
- **Jobs reported:** 190
## Lender
- **Originating:** Bank of Springfield
- **Servicing:** Bank of Springfield (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*