# PPP loan: STUDIO AIR CONDITIONING INC
> **$317K** approved 02/02/2021 · Exemption 4 · Loan `1816768406`
## Borrower
- **Name:** STUDIO AIR CONDITIONING INC
- **Address:** 5171 Douglas Fir Rd Ste 6, Calabasas, CA, 91302-2581
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $291K (92%)
- **Forgiveness date:** 05/12/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $317K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*