# PPP loan: RICH DEVELOPMENT ENTERPRISES
> **$373K** approved 04/05/2020 · Paid in Full · Loan `5483717002`
## Borrower
- **Name:** RICH DEVELOPMENT ENTERPRISES
- **Address:** 1000 N. Western Ave, St 200, SAN PEDRO, CA, 90732
- **NAICS:** 531120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Rent:** $16K
- **Utilities:** $45K
- **Jobs reported:** 20
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*