# PPP loan: AYRES GROUP
> **$7.56M** approved 04/08/2020 · Paid in Full · Loan `7951587001`
## Borrower
- **Name:** AYRES GROUP
- **Address:** 355 Bristol Street, Suite A, COSTA MESA, CA, 92626-7922
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.56M
- **Initial approval:** $7.56M
- **Forgiven:** $7.66M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.79M
- **Mortgage interest:** $390K
- **Utilities:** $380K
- **Jobs reported:** 500
## 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*