# PPP loan: PROPERFOOD, LLC
> **$1.60M** approved 04/06/2020 · Exemption 4 · Loan `5920127001`
## Borrower
- **Name:** PROPERFOOD, LLC
- **Address:** 350 TOWNSEND ST Suite 682, SAN FRANCISCO, CA, 94107-0009
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.29M
- **Forgiven:** $1.12M (70%)
- **Forgiveness date:** 07/29/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.26M
- **Rent:** $325K
- **Utilities:** $20K
- **Jobs reported:** 175
## 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*