# PPP loan: RAC ADJUSTMENTS INC.
> **$543K** approved 01/19/2021 · Paid in Full · Loan `1788878308`
## Borrower
- **Name:** RAC ADJUSTMENTS INC.
- **Address:** 1740 S Bell School Rd, Cherry Valley, IL, 61016-9388
- **NAICS:** 524291
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $543K
- **Initial approval:** $543K
- **Forgiven:** $546K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $543K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Northwest Bank of Rockford
- **Servicing:** Northwest Bank of Rockford (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*