# PPP loan: PRODUCE SERVICES OF LOS ANGELES INC
> **$346K** approved 04/28/2020 · Paid in Full · Loan `6386217204`
## Borrower
- **Name:** PRODUCE SERVICES OF LOS ANGELES INC
- **Address:** 725 Merchant St, LOS ANGELES, CA, 90021-1519
- **NAICS:** 424480
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $62K
- **Health care:** $13K
- **Debt interest:** $1K
- **Jobs reported:** 25
## 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*