# PPP loan: SCHOLLY INC.
> **$248K** approved 04/14/2020 · Paid in Full · Loan `7970467104`
## Borrower
- **Name:** SCHOLLY INC.
- **Address:** 1601 VINE ST, LOS ANGELES, CA, 90028-8806
- **NAICS:** 523910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Jobs reported:** 13
## 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*