# PPP loan: RAINBOW SERVICES LTD
> **$456K** approved 04/15/2020 · Paid in Full · Loan `1396607204`
## Borrower
- **Name:** RAINBOW SERVICES LTD
- **Address:** 453 West 7th Street, SAN PEDRO, CA, 90731-3207
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $456K
- **Initial approval:** $456K
- **Forgiven:** $461K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $455K
- **Utilities:** $875
- **Jobs reported:** 55
## Lender
- **Originating:** Malaga Bank FSB
- **Servicing:** Malaga Bank FSB (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*