# PPP loan: RITZ CHARLES, INC.
> **$563K** approved 04/05/2020 · Paid in Full · Loan `5077377001`
## Borrower
- **Name:** RITZ CHARLES, INC.
- **Address:** 12156 N Meridian St, CARMEL, IN, 46032-4578
- **NAICS:** 722320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 12/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Rent:** $50K
- **Utilities:** $25K
- **Health care:** $63K
- **Jobs reported:** 200
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*