# PPP loan: ASHEN COMPANY, LTD.
> **$422K** approved 04/28/2020 · Paid in Full · Loan `8435177201`
## Borrower
- **Name:** ASHEN COMPANY, LTD.
- **Address:** 3901 MARCONI AVE, SACRAMENTO, CA, 95821-3902
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $316K
- **Rent:** $84K
- **Utilities:** $21K
- **Jobs reported:** 32
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*