# PPP loan: RACKS SBG LLC
> **$368K** approved 02/10/2021 · Paid in Full · Loan `6282408400`
## Borrower
- **Name:** RACKS SBG LLC
- **Address:** 4620 Hemingway Trl, Cumming, GA, 30041-8975
- **NAICS:** 327320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $368K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*