# PPP loan: ARCADIA CHAIR COMPANY
> **$3.36M** approved 04/03/2020 · Paid in Full · Loan `4562597007`
## Borrower
- **Name:** ARCADIA CHAIR COMPANY
- **Address:** 5692 FRESCA DR, LA PALMA, CA, 90623-1048
- **NAICS:** 337211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.36M
- **Initial approval:** $3.80M
- **Forgiven:** $3.41M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.95M
- **Rent:** $350K
- **Utilities:** $60K
- **Jobs reported:** 335
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*