# PPP loan: FAMAROCK INC.
> **$2.45M** approved 04/06/2020 · Paid in Full · Loan `6008077006`
## Borrower
- **Name:** FAMAROCK INC.
- **Address:** 5462 W ADAMS BLVD, LOS ANGELES, CA, 90016-2640
- **NAICS:** 311812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.45M
- **Initial approval:** $2.59M
- **Forgiven:** $2.48M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.15M
- **Rent:** $82K
- **Utilities:** $64K
- **Health care:** $142K
- **Debt interest:** $14K
- **Jobs reported:** 250
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*