# PPP loan: ABLE RISE LIMITED CORP
> **$158K** approved 05/01/2020 · Exemption 4 · Loan `5176087700`
## Borrower
- **Name:** ABLE RISE LIMITED CORP
- **Address:** 11100 VALLEY BLVD STE 306, EL MONTE, CA, 91731-2533
- **NAICS:** 541490
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $118K (75%)
- **Forgiveness date:** 06/03/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 36
## 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*