# PPP loan: SHANNON FABRIC INC
> **$723K** approved 04/11/2020 · Paid in Full · Loan `3597787109`
## Borrower
- **Name:** SHANNON FABRIC INC
- **Address:** 3131 S. ALAMEDA ST, VERNON, CA, 90058-1337
- **NAICS:** 451130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $723K
- **Initial approval:** $723K
- **Forgiven:** $733K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $578K
- **Mortgage interest:** $145K
- **Jobs reported:** 62
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*