# PPP loan: RICE & RICE INC
> **$497K** approved 04/15/2020 · Paid in Full · Loan `1320917207`
## Borrower
- **Name:** RICE & RICE INC
- **Address:** 8150 Rice Lane, FOUNTAIN, CO, 80817-2606
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $373K
- **Rent:** $124K
- **Jobs reported:** 30
## Lender
- **Originating:** ANB Bank
- **Servicing:** ANB Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*