# PPP loan: F & B ASSOCIATES INC
> **$6.93M** approved 05/01/2020 · Exemption 4 · Loan `4970187709`
## Borrower
- **Name:** F & B ASSOCIATES INC
- **Address:** 4901 Morena Blvd Ste 1107, San Diego, CA, 92117
- **NAICS:** 722320
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $6.93M
- **Initial approval:** $6.93M
- **Forgiven:** $4.17M (60%)
- **Forgiveness date:** 02/11/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $6.93M
- **Jobs reported:** 475
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*