# PPP loan: SUTHERLAND PRESSES INC.
> **$199K** approved 04/09/2020 · Paid in Full · Loan `1082457106`
## Borrower
- **Name:** SUTHERLAND PRESSES INC.
- **Address:** 22561 CARBON MESA RD, MALIBU, CA, 90265-5018
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Rent:** $18K
- **Utilities:** $3K
- **Health care:** $5K
- **Jobs reported:** 9
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*