# PPP loan: ABS BY ALLEN SCHWARTZ LLC.
> **$221K** approved 03/03/2021 · Charged Off · Loan `6515548507`
## Borrower
- **Name:** ABS BY ALLEN SCHWARTZ LLC.
- **Address:** 1218 S Santa Fe Ave, Los Angeles, CA, 90021-1745
- **NAICS:** 315990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $51K (23%)
- **Forgiveness date:** 07/21/2022
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $221K
- **Utilities:** $1
- **Jobs reported:** 8
## 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*