# PPP loan: RAUTO LLC
> **$500K** approved 04/21/2021 · Charged Off · Loan `7000868809`
## Borrower
- **Name:** RAUTO LLC
- **Address:** 3336 Laurel Fort Meade Rd, Laurel, MD, 20724-2002
- **NAICS:** 423110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Status:** Charged Off
- **Term:** 37 months
## Use of funds
- **Payroll:** $500K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*