# PPP loan: GLOBAL PLASTICS RECYCLING, INC.
> **$580K** approved 04/27/2020 · Paid in Full · Loan `3842377207`
## Borrower
- **Name:** GLOBAL PLASTICS RECYCLING, INC.
- **Address:** 353 E ELLIS AVE, PERRIS, CA, 92570-8478
- **NAICS:** 325991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $67K
- **Utilities:** $63K
- **Jobs reported:** 95
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*