# PPP loan: THE RAINBOW GROUP, LTD
> **$654K** approved 04/13/2020 · Paid in Full · Loan `5280227106`
## Borrower
- **Name:** THE RAINBOW GROUP, LTD
- **Address:** 7801 N LAMAR BLVD Suite A114, AUSTIN, TX, 78752-1013
- **NAICS:** 812112
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $654K
- **Initial approval:** $654K
- **Forgiven:** $658K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $491K
- **Rent:** $157K
- **Utilities:** $6K
- **Jobs reported:** 83
## Lender
- **Originating:** Del Norte Bank
- **Servicing:** Del Norte Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*