# PPP loan: RKT DEVELOPMENT, INC.
> **$165K** approved 04/14/2020 · Paid in Full · Loan `7859597110`
## Borrower
- **Name:** RKT DEVELOPMENT, INC.
- **Address:** 10389 LOS ALAMITOS BLVD, LOS ALAMITOS, CA, 90720-2110
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 15
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*