# PPP loan: DIAMOND RANCH ACADEMY, INC.
> **$1.40M** approved 04/04/2020 · Paid in Full · Loan `4600317006`
## Borrower
- **Name:** DIAMOND RANCH ACADEMY, INC.
- **Address:** 435 South Diamond Ranch Parkway, HURRICANE, UT, 84737-3020
- **NAICS:** 624310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $164K
- **Utilities:** $32K
- **Jobs reported:** 188
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*