# PPP loan: GENERAL RESTAURANT EQUIPMENT COMPANY
> **$551K** approved 02/07/2021 · Paid in Full · Loan `5138198410`
## Borrower
- **Name:** GENERAL RESTAURANT EQUIPMENT COMPANY
- **Address:** 1740 Albion St, Los Angeles, CA, 90031-2520
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $554K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 58
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*