# PPP loan: RAKS BUILDING SUPPLY INC.
> **$1.22M** approved 04/09/2020 · Paid in Full · Loan `9941787008`
## Borrower
- **Name:** RAKS BUILDING SUPPLY INC.
- **Address:** 108 CARSON DR, LOS LUNAS, NM, 87031-9294
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 200
## Lender
- **Originating:** Century Bank
- **Servicing:** Century Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*