# PPP loan: PROFESSIONAL PRODUCE
> **$1.76M** approved 04/06/2020 · Paid in Full · Loan `6240387010`
## Borrower
- **Name:** PROFESSIONAL PRODUCE
- **Address:** 2570 E 25th Street, LOS ANGELES, CA, 90058-1211
- **NAICS:** 424480
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.76M
- **Initial approval:** $1.76M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Rent:** $150K
- **Utilities:** $37K
- **Health care:** $85K
- **Jobs reported:** 111
## 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*