# PPP loan: M.X.F. DESIGNS INC.
> **$414K** approved 04/13/2020 · Paid in Full · Loan `5642247110`
## Borrower
- **Name:** M.X.F. DESIGNS INC.
- **Address:** 1601 PERRINO PL UNIT A, LOS ANGELES, CA, 90023-2624
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $414K
- **Initial approval:** $414K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 03/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Rent:** $83K
- **Utilities:** $21K
- **Jobs reported:** 80
## Lender
- **Originating:** Open Bank
- **Servicing:** Open Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*