# PPP loan: C & G PLASTICS INC
> **$260K** approved 04/05/2020 · Paid in Full · Loan `5541547009`
## Borrower
- **Name:** C & G PLASTICS INC
- **Address:** 12729 FOOTHILL BLVD, SYLMAR, CA, 91342-5314
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $211K (81%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Rent:** $33K
- **Utilities:** $33K
- **Jobs reported:** 36
## 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*