# PPP loan: RACHIO INC
> **$804K** approved 04/11/2020 · Paid in Full · Loan `3606937109`
## Borrower
- **Name:** RACHIO INC
- **Address:** 1321 15TH ST, Denver, CO, 80202
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $804K
- **Initial approval:** $804K
- **Forgiven:** $808K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $724K
- **Mortgage interest:** $78K
- **Utilities:** $2K
- **Jobs reported:** 35
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*