# PPP loan: PSM INDUSTRIES, INC
> **$681K** approved 04/13/2020 · Paid in Full · Loan `5242257103`
## Borrower
- **Name:** PSM INDUSTRIES, INC
- **Address:** 14000 AVALON BLVD, LOS ANGELES, CA, 90061-2636
- **NAICS:** 332117
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $681K
- **Initial approval:** $681K
- **Forgiven:** $685K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $640K
- **Health care:** $41K
- **Jobs reported:** 75
## Lender
- **Originating:** SMBC MANUBANK
- **Servicing:** SMBC MANUBANK (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*