# PPP loan: KHALED OBEID CORP.
> **$406K** approved 01/20/2021 · Paid in Full · Loan `2267808308`
## Borrower
- **Name:** KHALED OBEID CORP.
- **Address:** 1257 W Rancho Vista Blvd, Palmdale, CA, 93551-3946
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $412K (101%)
- **Forgiveness date:** 06/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $406K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*