# PPP loan: ITALFOODS, INC.
> **$1.62M** approved 04/06/2020 · Paid in Full · Loan `5911587008`
## Borrower
- **Name:** ITALFOODS, INC.
- **Address:** 205 SHAW RD, SOUTH SAN FRANCISCO, CA, 94080-6605
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Health care:** $183K
- **Jobs reported:** 100
## 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*