# PPP loan: KOBEISSI INC
> **$520K** approved 04/15/2020 · Paid in Full · Loan `2244137200`
## Borrower
- **Name:** KOBEISSI INC
- **Address:** 5215 E 2ND ST, LONG BEACH, CA, 90803
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $524K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $439K
- **Rent:** $46K
- **Utilities:** $13K
- **Health care:** $21K
- **Debt interest:** $672
- **Jobs reported:** 78
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*