# PPP loan: RAFFA FINANCIAL SERVICES, INC.
> **$550K** approved 05/01/2020 · Paid in Full · Loan `9872437700`
## Borrower
- **Name:** RAFFA FINANCIAL SERVICES, INC.
- **Address:** 1899 L St NW, Washington, DC, 20036-3844
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $558K (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Jobs reported:** 31
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*