# PPP loan: HC MERCHANDISERS, INC.
> **$1.03M** approved 04/05/2020 · Paid in Full · Loan `5480087008`
## Borrower
- **Name:** HC MERCHANDISERS, INC.
- **Address:** 5536 Ontario Mills Parkway, ONTARIO, CA, 91764-5117
- **NAICS:** 423860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $737K
- **Mortgage interest:** $15K
- **Utilities:** $31K
- **Health care:** $212K
- **Debt interest:** $32K
- **Jobs reported:** 49
## 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*