# PPP loan: FRED ALLEN ENTERPRISES, INC.
> **$1.27M** approved 04/09/2020 · Paid in Full · Loan `1108797102`
## Borrower
- **Name:** FRED ALLEN ENTERPRISES, INC.
- **Address:** 5855 E Carson St, Lakewood, CA, 90713-3056
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 85
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*