# PPP loan: KINGS ROAD MERCHANDISING, INC.
> **$312K** approved 04/11/2020 · Paid in Full · Loan `3230707100`
## Borrower
- **Name:** KINGS ROAD MERCHANDISING, INC.
- **Address:** 1522 KNOWLES AVE, LOS ANGELES, CA, 90063-1607
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $327K
- **Forgiven:** $313K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Rent:** $28K
- **Utilities:** $22K
- **Jobs reported:** 33
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*