# PPP loan: RAINBOW STATION BALLANTYNE, INC.
> **$296K** approved 04/10/2020 · Paid in Full · Loan `1400117105`
## Borrower
- **Name:** RAINBOW STATION BALLANTYNE, INC.
- **Address:** 9829 Providence Rd. West, CHARLOTTE, NC, 28277-0202
- **NAICS:** 921190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $301K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $37K
- **Utilities:** $37K
- **Jobs reported:** 47
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*