# PPP loan: RANCHO GRANDE INC
> **$193K** approved 06/22/2020 · Paid in Full · Loan `1479278007`
## Borrower
- **Name:** RANCHO GRANDE INC
- **Address:** 1320 S MILITARY HWY, CHESAPEAKE, VA, 23320-2514
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 21
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*