# PPP loan: SAN PEDRO CONVALESCENT HOME, INC.
> **$918K** approved 04/14/2020 · Paid in Full · Loan `7515057108`
## Borrower
- **Name:** SAN PEDRO CONVALESCENT HOME, INC.
- **Address:** 1430 West 6TH ST, SAN PEDRO, CA, 90732-3503
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $918K
- **Initial approval:** $918K
- **Forgiven:** $930K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Rent:** $100K
- **Utilities:** $18K
- **Jobs reported:** 119
## 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*