# PPP loan: PREMIUM PACKING, INC.
> **$7.01M** approved 08/07/2020 · Paid in Full · Loan `5240078209`
## Borrower
- **Name:** PREMIUM PACKING, INC.
- **Address:** 449 Harrison Rd, Salinas, CA, 93907-1617
- **NAICS:** 115115
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $7.01M
- **Initial approval:** $7.01M
- **Forgiven:** $7.16M (102%)
- **Forgiveness date:** 09/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $7.01M
- **Jobs reported:** 500
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*