# PPP loan: NORCHEM CORPORATION
> **$799K** approved 05/01/2020 · Paid in Full · Loan `6439817702`
## Borrower
- **Name:** NORCHEM CORPORATION
- **Address:** 5649 ALHAMBRA AVE, LOS ANGELES, CA, 90032-3107
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $799K
- **Initial approval:** $799K
- **Forgiven:** $808K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $799K
- **Jobs reported:** 54
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*