# PPP loan: RAINBOW ACRES
> **$727K** approved 05/01/2020 · Paid in Full · Loan `1138777707`
## Borrower
- **Name:** RAINBOW ACRES
- **Address:** 2120 W. Reservation Loop Road, Camp Verde, AZ, 86322
- **NAICS:** 623220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $727K
- **Initial approval:** $727K
- **Forgiven:** $735K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $649K
- **Utilities:** $24K
- **Health care:** $51K
- **Debt interest:** $4K
- **Jobs reported:** 99
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*