# PPP loan: INTERSTATE MEAT CO., INC.
> **$2.15M** approved 04/13/2020 · Paid in Full · Loan `4445147100`
## Borrower
- **Name:** INTERSTATE MEAT CO., INC.
- **Address:** 6114 SCOTT WAY, COMMERCE, CA, 90040-3518
- **NAICS:** 424470
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.15M
- **Initial approval:** $2.15M
- **Forgiven:** $1.58M (73%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.83M
- **Rent:** $215K
- **Utilities:** $108K
- **Jobs reported:** 196
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*