# PPP loan: 716 MANAGEMENT, INC.
> **$1.28M** approved 04/10/2020 · Charged Off · Loan `1185667102`
## Borrower
- **Name:** 716 MANAGEMENT, INC.
- **Address:** 3900 W. Alameda Ave Suite 1200, Burbank, CA, 91505
- **NAICS:** 236118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $787K (61%)
- **Forgiveness date:** 09/02/2021
- **Status:** Charged Off
- **Term:** 21 months
## Use of funds
- **Payroll:** $1.28M
- **Jobs reported:** 65
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*