# PPP loan: RCH ENTERPRISES
> **$220K** approved 04/15/2020 · Paid in Full · Loan `8699557103`
## Borrower
- **Name:** RCH ENTERPRISES
- **Address:** 303 WILLIAMS AVE STE 931, HUNTSVILLE, AL, 35801-6084
- **NAICS:** 423990
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Rent:** $9K
- **Utilities:** $700
- **Jobs reported:** 15
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*