# PPP loan: NORMAN INDUSTRIAL MATERIALS, INC.
> **$5.64M** approved 04/08/2020 · Paid in Full · Loan `7917917000`
## Borrower
- **Name:** NORMAN INDUSTRIAL MATERIALS, INC.
- **Address:** 8300 SAN FERNANDO RD, SUN VALLEY, CA, 91352-3222
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.64M
- **Initial approval:** $5.64M
- **Forgiven:** $5.70M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.13M
- **Rent:** $693K
- **Utilities:** $102K
- **Health care:** $683K
- **Debt interest:** $28K
- **Jobs reported:** 405
## 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*