# PPP loan: WMBE PAYROLLING INC.
> **$1.84M** approved 05/08/2020 · Paid in Full · Loan `4342697403`
## Borrower
- **Name:** WMBE PAYROLLING INC.
- **Address:** 9475 Chesapeake Drive, San Diego, CA, 92123
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 05/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.76M
- **Mortgage interest:** $73K
- **Jobs reported:** 124
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*