# PPP loan: LONG BEACH ENTERPRISE, INC.
> **$330K** approved 04/13/2020 · Paid in Full · Loan `5225407109`
## Borrower
- **Name:** LONG BEACH ENTERPRISE, INC.
- **Address:** 12303 FLORENCE AVE, SANTA FE SPRINGS, CA, 90670-3807
- **NAICS:** 424420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $330K
- **Initial approval:** $350K
- **Forgiven:** $332K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $19K
- **Utilities:** $7K
- **Health care:** $5K
- **Jobs reported:** 20
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*