# PPP loan: 16 MILES, INC.
> **$243K** approved 04/15/2020 · Paid in Full · Loan `1329577208`
## Borrower
- **Name:** 16 MILES, INC.
- **Address:** 2040 HAWKINS CIRCLE, LOS ANGELES, CA, 90001
- **NAICS:** 424330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Rent:** $29K
- **Utilities:** $19K
- **Jobs reported:** 19
## Lender
- **Originating:** PCB Bank
- **Servicing:** PCB Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*