# PPP loan: KACE ENTERTAINMENT, INC.
> **$644K** approved 08/08/2020 · Charged Off · Loan `5672468201`
## Borrower
- **Name:** KACE ENTERTAINMENT, INC.
- **Address:** 2988 COLUMBIA ST, TORRANCE, CA, 90503-3806
- **NAICS:** 711510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $644K
- **Initial approval:** $644K
- **Forgiven:** $450K (70%)
- **Forgiveness date:** 01/06/2022
- **Status:** Charged Off
- **Term:** 32 months
## Use of funds
- **Payroll:** $644K
- **Jobs reported:** 125
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*