# PPP loan: RACK & MAINTENANCE SOURCE, LLC
> **$197K** approved 04/14/2020 · Paid in Full · Loan `7535047102`
## Borrower
- **Name:** RACK & MAINTENANCE SOURCE, LLC
- **Address:** 400 W. Whitman, COLLEGE PLACE, WA, 99324-2052
- **NAICS:** 423210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $201K (102%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $30K
- **Utilities:** $14K
- **Debt interest:** $1K
- **Jobs reported:** 3
## Lender
- **Originating:** Baker Boyer National Bank
- **Servicing:** Baker Boyer National Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*