# PPP loan: INTERSTATE FOODS INC.
> **$1.15M** approved 03/20/2021 · Paid in Full · Loan `5905428605`
## Borrower
- **Name:** INTERSTATE FOODS INC.
- **Address:** 310 S Long Beach Blvd, Compton, CA, 90221-3400
- **NAICS:** 424470
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 01/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 141
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*