# PPP loan: TOWER ENERGY GROUP
> **$589K** approved 04/07/2020 · Paid in Full · Loan `7463547001`
## Borrower
- **Name:** TOWER ENERGY GROUP
- **Address:** 1983 W. 190th Street, TORRANCE, CA, 90504-6202
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $589K
- **Initial approval:** $589K
- **Forgiven:** $593K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $556K
- **Health care:** $33K
- **Jobs reported:** 39
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*