# PPP loan: PAPAYA CLOTHING
> **$3.19M** approved 04/13/2020 · Paid in Full · Loan `5559587106`
## Borrower
- **Name:** PAPAYA CLOTHING
- **Address:** 5807 SMITHWAY ST, COMMERCE, CA, 90040-1605
- **NAICS:** 448120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.19M
- **Initial approval:** $3.19M
- **Forgiven:** $3.24M (102%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.55M
- **Rent:** $638K
- **Jobs reported:** 500
## Lender
- **Originating:** PCB Bank
- **Servicing:** PCB Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*