# PPP loan: MAC RAK, INC.
> **$468K** approved 04/14/2020 · Paid in Full · Loan `6834287110`
## Borrower
- **Name:** MAC RAK, INC.
- **Address:** 16610 W. 159th Street Suite 103, LOCKPORT, IL, 60441-8004
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $471K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $468K
- **Jobs reported:** 46
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*