# PPP loan: L & M FOOTWEAR INC
> **$3.88M** approved 05/01/2020 · Charged Off · Loan `5189407710`
## Borrower
- **Name:** L & M FOOTWEAR INC
- **Address:** 5303 E Washington Blvd, Commerce, CA, 90040
- **NAICS:** 448210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.88M
- **Initial approval:** $3.88M
- **Forgiven:** $2.83M (73%)
- **Forgiveness date:** 12/29/2021
- **Status:** Charged Off
- **Term:** 8 months
## Use of funds
- **Payroll:** $3.88M
- **Jobs reported:** 60
## 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*