# PPP loan: DESIGN KNIT, INC.
> **$199K** approved 04/14/2020 · Paid in Full · Loan `7704397104`
## Borrower
- **Name:** DESIGN KNIT, INC.
- **Address:** 1636 Staunton Ave., LOS ANGELES, CA, 90021-3132
- **NAICS:** 315190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $38K
- **Utilities:** $1K
- **Jobs reported:** 21
## Lender
- **Originating:** OneWest Bank, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*