# PPP loan: BENEVOLENCE INDUSTRIES INCORPORATED
> **$2.38M** approved 05/01/2020 · Paid in Full · Loan `5950367701`
## Borrower
- **Name:** BENEVOLENCE INDUSTRIES INCORPORATED
- **Address:** 1010 CRENSHAW BLVD STE 100, TORRANCE, CA, 90501-2055
- **NAICS:** —
- **Business type:** Professional Association
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $656K
- **Forgiven:** $1.12M (47%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 27 months
## Use of funds
- **Payroll:** $2.38M
- **Jobs reported:** 150
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*