# PPP loan: VIDEO TECH SERVICES
> **$486K** approved 04/16/2020 · Paid in Full · Loan `2504547202`
## Borrower
- **Name:** VIDEO TECH SERVICES
- **Address:** 5042 WILSHIRE BLVD # 575, LOS ANGELES, CA, 90036-4305
- **NAICS:** 512290
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $497K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $453K
- **Rent:** $30K
- **Utilities:** $4K
- **Jobs reported:** 41
## Lender
- **Originating:** Centerstone SBA Lending, Inc.
- **Servicing:** Centerstone SBA Lending, Inc. (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*