# PPP loan: ALEMAR RESTAURANT LYNWOOD INC
> **$155K** approved 06/16/2020 · Paid in Full · Loan `6786637908`
## Borrower
- **Name:** ALEMAR RESTAURANT LYNWOOD INC
- **Address:** 5162 E IMPERIAL HWY, LYNWOOD, CA, 90262-3009
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 11/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $117K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 14
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Square Capital, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*