# PPP loan: AVALON MEDICAL DEVELOPMENT CORPORATION
> **$990K** approved 02/03/2021 · Paid in Full · Loan `1976018403`
## Borrower
- **Name:** AVALON MEDICAL DEVELOPMENT CORPORATION
- **Address:** 100 Falls Canyon Rd, Avalon, CA, 90704-2990
- **NAICS:** 621111
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $990K
- **Initial approval:** $990K
- **Forgiven:** $997K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $990K
- **Utilities:** $1
- **Jobs reported:** 105
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*