# PPP loan: RAINBOW DEVELOPMENT LLC
> **$226K** approved 02/25/2021 · Paid in Full · Loan `4049998505`
## Borrower
- **Name:** RAINBOW DEVELOPMENT LLC
- **Address:** 439 Columbia Rd Ste 201, Hanover, MA, 02339-2393
- **NAICS:** 811121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $226K
- **Utilities:** $1
- **Jobs reported:** 69
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*