# PPP loan: RAKKAN USA INC.
> **$400K** approved 01/15/2021 · Paid in Full · Loan `9981638206`
## Borrower
- **Name:** RAKKAN USA INC.
- **Address:** 359 E 1st St, Los Angeles, CA, 90012-3901
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $401K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Utilities:** $1
- **Jobs reported:** 41
## Lender
- **Originating:** Grow America Fund, Incorporated
- **Servicing:** Grow America Fund, Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*