# PPP loan: GLORIA LANCE, INC.
> **$662K** approved 04/07/2020 · Charged Off · Loan `7539587010`
## Borrower
- **Name:** GLORIA LANCE, INC.
- **Address:** 15616 S BROADWAY, GARDENA, CA, 90248-2211
- **NAICS:** 315240
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $662K
- **Initial approval:** $662K
- **Forgiven:** $603K (91%)
- **Forgiveness date:** 08/13/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $614K
- **Rent:** $27K
- **Utilities:** $21K
- **Jobs reported:** 64
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*