# PPP loan: LYNAM INDUSTRIES, INC.
> **$1.01M** approved 04/10/2020 · Paid in Full · Loan `1662277107`
## Borrower
- **Name:** LYNAM INDUSTRIES, INC.
- **Address:** 11070 MULBERRY AVE, FONTANA, CA, 92337-7052
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $755K
- **Rent:** $180K
- **Utilities:** $60K
- **Debt interest:** $11K
- **Jobs reported:** 107
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*