# PPP loan: RITO'S ACQUISITIONS
> **$397K** approved 04/15/2020 · Paid in Full · Loan `9761227105`
## Borrower
- **Name:** RITO'S ACQUISITIONS
- **Address:** 232 W Royal Palm Road, PHOENIX, AZ, 85021
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Rent:** $22K
- **Utilities:** $10K
- **Health care:** $11K
- **Debt interest:** $3K
- **Jobs reported:** 57
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*