# PPP loan: DOWNTOWN LONG BEACH ALLIANCE
> **$160K** approved 03/13/2021 · Paid in Full · Loan `1642968602`
## Borrower
- **Name:** DOWNTOWN LONG BEACH ALLIANCE
- **Address:** 100 W Broadway Ste 120, Long Beach, CA, 90802-4488
- **NAICS:** 813910
- **Business type:** 501(c)6 ¿ Non Profit Membership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (100%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $1
- **Jobs reported:** 11
## 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*