# PPP loan: RAC LR INC
> **$218K** approved 04/09/2021 · Paid in Full · Loan `9565678709`
## Borrower
- **Name:** RAC LR INC
- **Address:** 1 Sun Valley Dr, Spring Branch, TX, 78070-7005
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $218K
- **Jobs reported:** 30
## Lender
- **Originating:** TransPecos Banks, SSB.
- **Servicing:** TransPecos Banks, SSB. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*