# PPP loan: JOCOTT BRANDS, INC.
> **$545K** approved 04/07/2020 · Paid in Full · Loan `7623827002`
## Borrower
- **Name:** JOCOTT BRANDS, INC.
- **Address:** 8000 WOODLEY AVE, VAN NUYS, CA, 91406-1226
- **NAICS:** 325998
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $551K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $545K
- **Jobs reported:** 42
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*