# PPP loan: AMERICAN CHOICE RAGS INC
> **$353K** approved 03/24/2021 · Paid in Full · Loan `8239108604`
## Borrower
- **Name:** AMERICAN CHOICE RAGS INC
- **Address:** 1202 Kress St, Houston, TX, 77020-7419
- **NAICS:** 315990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $355K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $353K
- **Utilities:** $1
- **Jobs reported:** 98
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*