# PPP loan: RACK INDUSTRIES LLC
> **$898K** approved 02/12/2021 · Paid in Full · Loan `7509948409`
## Borrower
- **Name:** RACK INDUSTRIES LLC
- **Address:** 5100 Andrews Hwy, Midland, TX, 79703-4523
- **NAICS:** 333914
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $898K
- **Initial approval:** $898K
- **Forgiven:** $905K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $898K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** First National Bank and Trust Company of Weatherford d/b/a First Bank Texas
- **Servicing:** First National Bank and Trust Company of Weatherford d/b/a First Bank Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*