# PPP loan: RITE-WAY MEAT PACKERS, INC.
> **$433K** approved 04/06/2020 · Paid in Full · Loan `5956057006`
## Borrower
- **Name:** RITE-WAY MEAT PACKERS, INC.
- **Address:** 5151 ALCOA AVE, VERNON, CA, 90058-3715
- **NAICS:** 311991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $433K
- **Initial approval:** $433K
- **Forgiven:** $438K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $368K
- **Rent:** $43K
- **Utilities:** $22K
- **Jobs reported:** 33
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*