# PPP loan: SYSTEM PROPERTY DEVELOPMENT COMPANY, INC
> **$292K** approved 04/06/2020 · Paid in Full · Loan `6221507003`
## Borrower
- **Name:** SYSTEM PROPERTY DEVELOPMENT COMPANY, INC
- **Address:** 14724 VENTURA BLVD STE 700, SHERMAN OAKS, CA, 91403-3500
- **NAICS:** 531312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 16
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*