# PPP loan: INDUSTRY CONVALESCENT HOSPITAL
> **$1.62M** approved 02/12/2021 · Paid in Full · Loan `8070928400`
## Borrower
- **Name:** INDUSTRY CONVALESCENT HOSPITAL
- **Address:** 555 El Encanto Rd, City of Industry, CA, 91745-1017
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 186
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*