# PPP loan: EXBON DEVELOPMENT INC.
> **$1.05M** approved 02/23/2021 · Paid in Full · Loan `3350828505`
## Borrower
- **Name:** EXBON DEVELOPMENT INC.
- **Address:** 13831 Newhope St, Garden Grove, CA, 92843-3714
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 05/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.05M
- **Jobs reported:** 42
## Lender
- **Originating:** Hanmi Bank
- **Servicing:** Capital Plus Financial, LLC (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*