# PPP loan: RAINBOW RISING INC
> **$791K** approved 01/23/2021 · Paid in Full · Loan `4149478303`
## Borrower
- **Name:** RAINBOW RISING INC
- **Address:** 2154 Monterey Blvd # B, Hermosa Beach, CA, 90254-2630
- **NAICS:** 624410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $791K
- **Initial approval:** $791K
- **Forgiven:** $796K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $791K
- **Jobs reported:** 95
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*