# PPP loan: WALLACE GROUP, A CALIFORNIA CORPORATION
> **$832K** approved 04/13/2020 · Paid in Full · Loan `5409997105`
## Borrower
- **Name:** WALLACE GROUP, A CALIFORNIA CORPORATION
- **Address:** 612 Clarion Ct, SAN LUIS OBISPO, CA, 93401-8177
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $832K
- **Initial approval:** $832K
- **Forgiven:** $841K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $621K
- **Rent:** $48K
- **Utilities:** $10K
- **Health care:** $87K
- **Debt interest:** $66K
- **Jobs reported:** 10
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*