# PPP loan: RIO VALLEY CHILI INC.
> **$570K** approved 04/07/2020 · Paid in Full · Loan `6902137005`
## Borrower
- **Name:** RIO VALLEY CHILI INC.
- **Address:** PO Box 131, RINCON, NM, 87940-0131
- **NAICS:** 111998
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $570K
- **Initial approval:** $570K
- **Forgiven:** $576K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Utilities:** $70K
- **Jobs reported:** 51
## Lender
- **Originating:** Citizens Bank of Las Cruces
- **Servicing:** Citizens Bank of Las Cruces (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*