# PPP loan: SMARKCHEM INDUSTRIES INC.
> **$327K** approved 02/02/2021 · Paid in Full · Loan `1867238400`
## Borrower
- **Name:** SMARKCHEM INDUSTRIES INC.
- **Address:** 8636 Otis St, South Gate, CA, 90280-3220
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $327K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*