# PPP loan: LEAR CAPITAL, INC.
> **$1.11M** approved 05/29/2020 · Paid in Full · Loan `5049627802`
## Borrower
- **Name:** LEAR CAPITAL, INC.
- **Address:** 1990 SOUTH BUNDY DR #650, LOS ANGELES, CA, 90025-1448
- **NAICS:** 454390
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $834K
- **Rent:** $223K
- **Health care:** $56K
- **Jobs reported:** 62
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*