# PPP loan: GARCIA'S INC
> **$461K** approved 05/18/2020 · Exemption 4 · Loan `8175837408`
## Borrower
- **Name:** GARCIA'S INC
- **Address:** 4760 LINCOLN AVE N, CHICAGO, IL, 60625
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $461K
- **Initial approval:** $461K
- **Forgiven:** $429K (93%)
- **Forgiveness date:** 12/01/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $461K
- **Jobs reported:** 54
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*