# PPP loan: RETIREMENT RANCHES, INC.
> **$1.20M** approved 04/09/2020 · Paid in Full · Loan `9641107001`
## Borrower
- **Name:** RETIREMENT RANCHES, INC.
- **Address:** 2221 Dillon, CLOVIS, NM, 88101-9454
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.11M (93%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $898K
- **Utilities:** $299K
- **Jobs reported:** 155
## Lender
- **Originating:** The Citizens Bank of Clovis
- **Servicing:** The Citizens Bank of Clovis (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*