# PPP loan: RANCHO TRADE INC
> **$324K** approved 04/28/2020 · Paid in Full · Loan `1396587309`
## Borrower
- **Name:** RANCHO TRADE INC
- **Address:** 3675 Via De La Valle, DEL MAR, CA, 92014
- **NAICS:** 451110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Rent:** $26K
- **Utilities:** $39K
- **Jobs reported:** 41
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*