# PPP loan: RICE OPERATING COMPANY
> **$307K** approved 04/09/2020 · Paid in Full · Loan `9249117010`
## Borrower
- **Name:** RICE OPERATING COMPANY
- **Address:** 112 W. Taylor Street, HOBBS, NM, 88240-6048
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $307K
- **Jobs reported:** 15
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*