# PPP loan: THE RITZ, INC.
> **$163K** approved 01/16/2021 · Paid in Full · Loan `1294678307`
## Borrower
- **Name:** THE RITZ, INC.
- **Address:** 394 Highway 71, Arnolds Park, IA, 51331
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 09/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*