# PPP loan: RANKIN DEVELOPMENT COMPANY, INC
> **$1.02M** approved 04/07/2020 · Paid in Full · Loan `7141627009`
## Borrower
- **Name:** RANKIN DEVELOPMENT COMPANY, INC
- **Address:** 21240 W HAMMOND DR, PORTER, TX, 77365-4620
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $769K
- **Utilities:** $256K
- **Jobs reported:** 156
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*