# PPP loan: GENERAL RESTAURANT EQUIPMENT, CO.
> **$551K** approved 04/29/2020 · Paid in Full · Loan `2251017306`
## Borrower
- **Name:** GENERAL RESTAURANT EQUIPMENT, CO.
- **Address:** 1740 ALBION ST, LOS ANGELES, CA, 90031-2520
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 63
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*