# PPP loan: BEARINGS AND DRIVES, INC.
> **$326K** approved 04/28/2020 · Paid in Full · Loan `8215467203`
## Borrower
- **Name:** BEARINGS AND DRIVES, INC.
- **Address:** 9508 Rush Street, South El Monte, CA, 91733-1537
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Utilities:** $81K
- **Jobs reported:** 22
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*