# PPP loan: MIDAS CONVENTION SERVICE, INC.
> **$379K** approved 05/01/2020 · Exemption 4 · Loan `5490977705`
## Borrower
- **Name:** MIDAS CONVENTION SERVICE, INC.
- **Address:** 539 W ROSECRANS AVE, GARDENA, CA, 90248-1514
- **NAICS:** 561920
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $379K
- **Initial approval:** $379K
- **Forgiven:** $169K (45%)
- **Forgiveness date:** 10/07/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $379K
- **Jobs reported:** 40
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*