# PPP loan: BG11, INCORPORATION
> **$228K** approved 05/11/2020 · Paid in Full · Loan `5093647402`
## Borrower
- **Name:** BG11, INCORPORATION
- **Address:** 21143 HAWTHORNE BLVD #469, TORRANCE, CA, 90503
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $229K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 16
## Lender
- **Originating:** VelocitySBA, LLC
- **Servicing:** VelocitySBA, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*