# PPP loan: RIO'S INC
> **$167K** approved 01/20/2021 · Paid in Full · Loan `1967558301`
## Borrower
- **Name:** RIO'S INC
- **Address:** 1614 Highwoods Blvd Ste B, Greensboro, NC, 27410-2070
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 02/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $167K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Bank of Oak Ridge
- **Servicing:** Bank of Oak Ridge (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*