# PPP loan: TEKLEAD CORP.
> **$188K** approved 04/13/2020 · Paid in Full · Loan `5215527106`
## Borrower
- **Name:** TEKLEAD CORP.
- **Address:** 10880 WILSHIRE BLVD 1101, LOS ANGELES, CA, 90024-4112
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $6K
- **Utilities:** $2K
- **Health care:** $20K
- **Debt interest:** $10K
- **Jobs reported:** 10
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*