# PPP loan: AV CHENG LP
> **$420K** approved 05/13/2021 · Paid in Full · Loan `1120029002`
## Borrower
- **Name:** AV CHENG LP
- **Address:** 4820 Washington Ave, Houston, TX, 77007-5304
- **NAICS:** 722511
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 08/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Southwestern National Bank
- **Servicing:** Southwestern National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*