# PPP loan: CONCEPT ARTS INC.
> **$1.56M** approved 01/27/2021 · Paid in Full · Loan `6850058303`
## Borrower
- **Name:** CONCEPT ARTS INC.
- **Address:** 4201 Wilshire Blvd # 5, Los Angeles, CA, 90010-3601
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 06/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.56M
- **Utilities:** $1
- **Jobs reported:** 82
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*