# PPP loan: RAINBOW OF CHALLENGES, INC
> **$1.85M** approved 04/10/2020 · Paid in Full · Loan `1278427110`
## Borrower
- **Name:** RAINBOW OF CHALLENGES, INC
- **Address:** 500 SOUTH MAIN ST, HOPE, AR, 71801-5206
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Jobs reported:** 500
## Lender
- **Originating:** Bank of Delight
- **Servicing:** Bank of Delight (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*