# PPP loan: POPULAR BASICS CORP
> **$245K** approved 04/27/2020 · Paid in Full · Loan `3579127204`
## Borrower
- **Name:** POPULAR BASICS CORP
- **Address:** 747 E 10th St. Unit 111, LOS ANGELES, CA, 90021-2255
- **NAICS:** 424330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $258K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 05/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $37K
- **Utilities:** $24K
- **Jobs reported:** 28
## Lender
- **Originating:** Open Bank
- **Servicing:** Open Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*