# PPP loan: HOF & YATES REBAR, INC.
> **$487K** approved 04/10/2020 · Paid in Full · Loan `1987247107`
## Borrower
- **Name:** HOF & YATES REBAR, INC.
- **Address:** 3254 Cherry Ave, Long Beach, CA, 90807-5214
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Jobs reported:** 33
## 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*