# PPP loan: RICHARD MACDONALD STUDIOS INC.
> **$239K** approved 01/28/2021 · Paid in Full · Loan `7260768309`
## Borrower
- **Name:** RICHARD MACDONALD STUDIOS INC.
- **Address:** 16 Lower Ragsdale Dr, Monterey, CA, 93940-5728
- **NAICS:** 711510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 05/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $239K
- **Jobs reported:** 10
## Lender
- **Originating:** Continental Bank
- **Servicing:** Continental Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*