# PPP loan: AMERICAN FOOD INGREDIENTS
> **$266K** approved 04/28/2020 · Paid in Full · Loan `7250767200`
## Borrower
- **Name:** AMERICAN FOOD INGREDIENTS
- **Address:** 4021 Avenida De La Plata, Oceanside, CA, 92056
- **NAICS:** 115114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Rent:** $27K
- **Utilities:** $13K
- **Health care:** $27K
- **Jobs reported:** 32
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*