# PPP loan: RAYNE WATER CONDITIONING INC
> **$180K** approved 04/11/2020 · Paid in Full · Loan `2841557108`
## Borrower
- **Name:** RAYNE WATER CONDITIONING INC
- **Address:** 1018 E Cypress, COVINA, CA, 91724-2016
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $191K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 21
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*