# PPP loan: POCKETWATCH, INC
> **$1.67M** approved 04/07/2020 · Paid in Full · Loan `7642037007`
## Borrower
- **Name:** POCKETWATCH, INC
- **Address:** 8500 STELLER DR Bldg 7, CULVER CITY, CA, 90232-2427
- **NAICS:** 512110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Rent:** $74K
- **Utilities:** $13K
- **Health care:** $19K
- **Jobs reported:** 126
## 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*