# PPP loan: GILBERT'S EL INDIO RESTAURANT
> **$250K** approved 04/13/2020 · Paid in Full · Loan `5450737110`
## Borrower
- **Name:** GILBERT'S EL INDIO RESTAURANT
- **Address:** 2526 PICO BLVD, SANTA MONICA, CA, 90405-1829
- **NAICS:** 722511
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $20K
- **Utilities:** $10K
- **Jobs reported:** 25
## 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*