# PPP loan: RANCHO FOODS, INC.
> **$1.91M** approved 04/16/2020 · Paid in Full · Loan `2464757200`
## Borrower
- **Name:** RANCHO FOODS, INC.
- **Address:** 2528 E. 37TH ST, VERNON, CA, 90058-1725
- **NAICS:** 424470
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.91M
- **Initial approval:** $1.91M
- **Forgiven:** $1.94M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Jobs reported:** 152
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*