# PPP loan: GATE 74, INC.
> **$1.23M** approved 03/24/2021 · Exemption 4 · Loan `8350768601`
## Borrower
- **Name:** GATE 74, INC.
- **Address:** 355 Gellert Blvd Ste 150, Daly City, CA, 94015-2619
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.10M (89%)
- **Forgiveness date:** 06/15/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 112
## 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*