# PPP loan: ANCHOR NAIL & BEAUTY SUPPLY INC.
> **$215K** approved 05/01/2020 · Exemption 4 · Loan `5298647700`
## Borrower
- **Name:** ANCHOR NAIL & BEAUTY SUPPLY INC.
- **Address:** 5821 ROSEMEAD BLVD, TEMPLE CITY, CA, 91780-1833
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $215K
- **Initial approval:** $15K
- **Forgiven:** $16K (7%)
- **Forgiveness date:** 08/19/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $215K
- **Jobs reported:** 7
## 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*