# PPP loan: RACEWAYS TECHNOLOGY & MFG. CO.
> **$550K** approved 03/12/2021 · Paid in Full · Loan `9701388504`
## Borrower
- **Name:** RACEWAYS TECHNOLOGY & MFG. CO.
- **Address:** 1427 E 26th St, Tacoma, WA, 98421-2311
- **NAICS:** 326122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $558K (101%)
- **Forgiveness date:** 08/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $550K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*