# PPP loan: RANCY INC
> **$162K** approved 04/14/2020 · Paid in Full · Loan `6932047101`
## Borrower
- **Name:** RANCY INC
- **Address:** 3015 11th Street, HUNTSVILLE, TX, 77340-3517
- **NAICS:** 811192
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Mortgage interest:** $41K
- **Jobs reported:** 31
## Lender
- **Originating:** State Bank of Texas
- **Servicing:** State Bank of Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*