# PPP loan: TORO-AIRE, INC.
> **$1.04M** approved 04/08/2020 · Paid in Full · Loan `8395547003`
## Borrower
- **Name:** TORO-AIRE, INC.
- **Address:** 434 E BROADWAY, LONG BEACH, CA, 90802-4906
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $883K
- **Rent:** $100K
- **Health care:** $55K
- **Jobs reported:** 68
## 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*