# PPP loan: PARAMOUNT CONVALESCENT GROUP INC
> **$604K** approved 05/01/2020 · Paid in Full · Loan `4513557707`
## Borrower
- **Name:** PARAMOUNT CONVALESCENT GROUP INC
- **Address:** 8558 E ROSECRANS AVE., PARAMOUNT, CA, 90723
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $622K (103%)
- **Forgiveness date:** 05/19/2023
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $604K
- **Jobs reported:** 72
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*