# PPP loan: IT TRAINING AND CONSULTING INC
> **$549K** approved 05/01/2020 · Exemption 4 · Loan `6570867701`
## Borrower
- **Name:** IT TRAINING AND CONSULTING INC
- **Address:** 1605 W OLYMPIC BLVD STE 520, LOS ANGELES, CA, 90015-3835
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $549K
- **Initial approval:** $46K
- **Forgiven:** $50K (9%)
- **Forgiveness date:** 07/20/2021
- **Status:** Exemption 4
- **Term:** 120 months
## Use of funds
- **Payroll:** $549K
- **Jobs reported:** 7
## 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*