# PPP loan: LABELTEX MILLS, INC.
> **$1.26M** approved 04/05/2020 · Paid in Full · Loan `5589057003`
## Borrower
- **Name:** LABELTEX MILLS, INC.
- **Address:** 6100 WILMINGTON AVE, LOS ANGELES, CA, 90001-1826
- **NAICS:** 541490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Rent:** $170K
- **Utilities:** $41K
- **Health care:** $41K
- **Jobs reported:** 101
## 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*