# PPP loan: CLASSIC DISTRIBUTING AND BEVERGAE GROUP INC
> **$3.50M** approved 04/14/2020 · Paid in Full · Loan `7401347103`
## Borrower
- **Name:** CLASSIC DISTRIBUTING AND BEVERGAE GROUP INC
- **Address:** 120 N PUENTE AVENUE, City of Industry, CA, 91746
- **NAICS:** 424810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.54M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Jobs reported:** 367
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*