# PPP loan: CATHAY EASTERN MANAGEMENT INC
> **$161K** approved 04/15/2020 · Paid in Full · Loan `2247227209`
## Borrower
- **Name:** CATHAY EASTERN MANAGEMENT INC
- **Address:** 705 San Gabriel Blvd, ROSEMEAD, CA, 91770-4335
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Rent:** $35K
- **Utilities:** $5K
- **Jobs reported:** 26
## Lender
- **Originating:** Royal Business Bank
- **Servicing:** Royal Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*