# PPP loan: KANIT AND KATE INC
> **$225K** approved 04/26/2021 · Charged Off · Loan `2281608902`
## Borrower
- **Name:** KANIT AND KATE INC
- **Address:** 223 G St, Davis, CA, 95616-4516
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $127K (56%)
- **Forgiveness date:** 01/26/2023
- **Status:** Charged Off
- **Term:** 36 months
## Use of funds
- **Payroll:** $225K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*