# PPP loan: AMERICAN HOSPITALITY CONCEPT INC.
> **$390K** approved 01/16/2021 · Paid in Full · Loan `1020078307`
## Borrower
- **Name:** AMERICAN HOSPITALITY CONCEPT INC.
- **Address:** 5822 Smithway St, Commerce, CA, 90040-1606
- **NAICS:** 423210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $390K
- **Jobs reported:** 25
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*