# PPP loan: PLATINUM CONSTRUCTION INC
> **$712K** approved 04/13/2020 · Paid in Full · Loan `4849147107`
## Borrower
- **Name:** PLATINUM CONSTRUCTION INC
- **Address:** 10581 Chestnut Ave, STANTON, CA, 90680-2440
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $712K
- **Initial approval:** $775K
- **Forgiven:** $720K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $534K
- **Rent:** $11K
- **Utilities:** $3K
- **Health care:** $139K
- **Debt interest:** $25K
- **Jobs reported:** 162
## 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*