# PPP loan: REIGNBOW BEAUTY ACADEMY INC
> **$260K** approved 04/28/2020 · Paid in Full · Loan `7308307206`
## Borrower
- **Name:** REIGNBOW BEAUTY ACADEMY INC
- **Address:** 312 STATE ST, PERTH AMBOY, NJ, 08861-4118
- **NAICS:** 611511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 40
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*