# PPP loan: WAREHOUSE RACK COMPANY LP
> **$1.25M** approved 04/09/2020 · Paid in Full · Loan `9602027009`
## Borrower
- **Name:** WAREHOUSE RACK COMPANY LP
- **Address:** 14735 Sommermeyer, HOUSTON, TX, 77041-6144
- **NAICS:** 423990
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $42K
- **Utilities:** $13K
- **Jobs reported:** 119
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*