# PPP loan: MACKONE DEVELOPMENT, INC.
> **$498K** approved 04/13/2020 · Paid in Full · Loan `5158167108`
## Borrower
- **Name:** MACKONE DEVELOPMENT, INC.
- **Address:** 2244 BEVERLY BLVD, LOS ANGELES, CA, 90057-2208
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Rent:** $99K
- **Jobs reported:** 48
## Lender
- **Originating:** PCB Bank
- **Servicing:** PCB Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*