# PPP loan: PEERLESS COFFEE COMPANY, INC.
> **$1.31M** approved 04/10/2020 · Paid in Full · Loan `1966687100`
## Borrower
- **Name:** PEERLESS COFFEE COMPANY, INC.
- **Address:** 260 OAK ST, OAKLAND, CA, 94607-4512
- **NAICS:** 311920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $981K
- **Rent:** $256K
- **Utilities:** $38K
- **Debt interest:** $33K
- **Jobs reported:** 83
## 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*