# PPP loan: RIGGS DISTRIBUTING, INC.
> **$828K** approved 04/08/2020 · Paid in Full · Loan `8668717002`
## Borrower
- **Name:** RIGGS DISTRIBUTING, INC.
- **Address:** 1755 ROLLINS RD, BURLINGAME, CA, 94010-2207
- **NAICS:** 423620
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $828K
- **Initial approval:** $828K
- **Forgiven:** $837K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $562K
- **Rent:** $176K
- **Utilities:** $14K
- **Health care:** $72K
- **Debt interest:** $5K
- **Jobs reported:** 73
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*