# PPP loan: CAVANAUGH MACHINE WORKS INC
> **$418K** approved 04/14/2020 · Paid in Full · Loan `7908227101`
## Borrower
- **Name:** CAVANAUGH MACHINE WORKS INC
- **Address:** 1540 Santa Fe Ave, LONG BEACH, CA, 90813
- **NAICS:** 336611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Forgiven:** $422K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Jobs reported:** 28
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*