# PPP loan: FAYE BUSINESS SYSTEMS GROUP, INC.
> **$451K** approved 04/08/2020 · Paid in Full · Loan `7679617008`
## Borrower
- **Name:** FAYE BUSINESS SYSTEMS GROUP, INC.
- **Address:** 5950 Canoga Avenue - Suite 615, WOODLAND HILLS, CA, 91367-3698
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $455K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $7K
- **Utilities:** $1K
- **Health care:** $15K
- **Jobs reported:** 21
## 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*