# PPP loan: TORRANCE BAEKJEONG LLC
> **$317K** approved 04/07/2020 · Exemption 4 · Loan `6461017008`
## Borrower
- **Name:** TORRANCE BAEKJEONG LLC
- **Address:** 1725 W CARSON ST #A, TORRANCE, CA, 90501-2822
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $326K
- **Forgiven:** $25K (8%)
- **Forgiveness date:** 09/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $317K
- **Jobs reported:** 53
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*