# PPP loan: RACKTOP SYSTEMS
> **$1.00M** approved 05/15/2020 · Paid in Full · Loan `6828077404`
## Borrower
- **Name:** RACKTOP SYSTEMS
- **Address:** 8170 MAPLE LAWN BLVD Suite 180, FULTON, MD, 20759-2575
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $946K
- **Rent:** $48K
- **Utilities:** $4K
- **Health care:** $2K
- **Jobs reported:** 39
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*