# PPP loan: ITO INCORPORATED
> **$10.00M** approved 04/09/2020 · Paid in Full · Loan `1122827105`
## Borrower
- **Name:** ITO INCORPORATED
- **Address:** 431 ISIS AVE, INGLEWOOD, CA, 90301-2009
- **NAICS:** 722310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.11M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $9.36M
- **Rent:** $285K
- **Utilities:** $84K
- **Health care:** $270K
- **Jobs reported:** 500
## 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*