# PPP loan: RANCHO RESEARCH INSTITUTE
> **$858K** approved 01/25/2021 · Paid in Full · Loan `5091218307`
## Borrower
- **Name:** RANCHO RESEARCH INSTITUTE
- **Address:** 7601 E Imperial Hwy 900 Annex A, Downey, CA, 90242
- **NAICS:** 541713
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $863K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $858K
- **Jobs reported:** 122
## 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*