# PPP loan: RACK PROCESSING MICHIGAN LLC
> **$296K** approved 04/08/2020 · Paid in Full · Loan `7864777001`
## Borrower
- **Name:** RACK PROCESSING MICHIGAN LLC
- **Address:** 3513 LOUSMA DR, GRAND RAPIDS, MI, 49548-2263
- **NAICS:** 423830
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 31
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*