# PPP loan: THE RACQUET CLUB
> **$389K** approved 05/23/2021 · Paid in Full · Loan `6917179001`
## Borrower
- **Name:** THE RACQUET CLUB
- **Address:** 215 S 16th St, Philadelphia, PA, 19102-3349
- **NAICS:** 713940
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 03/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** The National Bank of Malvern
- **Servicing:** The National Bank of Malvern (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*