# PPP loan: BURNING TORCHINC.
> **$198K** approved 02/03/2021 · Exemption 4 · Loan `2095598407`
## Borrower
- **Name:** BURNING TORCHINC.
- **Address:** 1738 Cordova St, Los Angeles, CA, 90007-1129
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $159K (80%)
- **Forgiveness date:** 06/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $1
- **Jobs reported:** 8
## 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*