# PPP loan: KANGNAM1957, INC.
> **$217K** approved 04/28/2020 · Paid in Full · Loan `6572087206`
## Borrower
- **Name:** KANGNAM1957, INC.
- **Address:** 1620 POST ST, SAN FRANCISCO, CA, 94115-3604
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $217K
- **Initial approval:** $218K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Mortgage interest:** $25K
- **Utilities:** $14K
- **Jobs reported:** 36
## Lender
- **Originating:** Open Bank
- **Servicing:** Open Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*