# PPP loan: DBAC INC.
> **$584K** approved 02/03/2021 · Paid in Full · Loan `2201758401`
## Borrower
- **Name:** DBAC INC.
- **Address:** 101 Shipyard Way Ste A, Newport Beach, CA, 92663-4447
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $584K
- **Initial approval:** $584K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $584K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*