# PPP loan: ARETE DIGITAL IMAGING
> **$245K** approved 04/10/2020 · Charged Off · Loan `1751637110`
## Borrower
- **Name:** ARETE DIGITAL IMAGING
- **Address:** 4403 W JEFFERSON BLVD, LOS ANGELES, CA, 90016-4038
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $217K
- **Forgiven:** $176K (72%)
- **Forgiveness date:** 10/04/2021
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $187K
- **Rent:** $45K
- **Utilities:** $3K
- **Health care:** $10K
- **Jobs reported:** 19
## 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*