# PPP loan: GALORATH INCORPORATED
> **$1.20M** approved 04/05/2020 · Paid in Full · Loan `5424827000`
## Borrower
- **Name:** GALORATH INCORPORATED
- **Address:** 222 N PACIFIC COAST HWY STE 1700, EL SEGUNDO, CA, 90245-4319
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Debt interest:** $144K
- **Jobs reported:** 50
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*