# PPP loan: PRODO LABORATORIES, INC.
> **$225K** approved 04/12/2020 · Paid in Full · Loan `3846437100`
## Borrower
- **Name:** PRODO LABORATORIES, INC.
- **Address:** 27402 Aliso Pkwy, ALISO VIEJO, CA, 92656-3371
- **NAICS:** 621511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $27K
- **Utilities:** $5K
- **Health care:** $13K
- **Jobs reported:** 12
## 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*