# PPP loan: RICAURTE PRECISION INC
> **$340K** approved 03/13/2021 · Paid in Full · Loan `1380478607`
## Borrower
- **Name:** RICAURTE PRECISION INC
- **Address:** 1550 E McFadden Ave, Santa Ana, CA, 92705-4308
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Jobs reported:** 36
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*