# PPP loan: RANCHO INVESTMENTS INC
> **$282K** approved 01/28/2021 · Paid in Full · Loan `7238088310`
## Borrower
- **Name:** RANCHO INVESTMENTS INC
- **Address:** 11269 Point East Dr, Rancho Cordova, CA, 95742-6239
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $282K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*