# PPP loan: RAC VENTURES LLC
> **$529K** approved 02/12/2021 · Paid in Full · Loan `7867338403`
## Borrower
- **Name:** RAC VENTURES LLC
- **Address:** 3929 Baybrook Ct, Midland, TX, 79707-1431
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $529K
- **Initial approval:** $529K
- **Forgiven:** $535K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $529K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*