# PPP loan: ARENA PAINTING CONTRACTORS, INC.
> **$1.38M** approved 04/15/2020 · Paid in Full · Loan `8550047105`
## Borrower
- **Name:** ARENA PAINTING CONTRACTORS, INC.
- **Address:** 525 E ALONDRA BLVD, GARDENA, CA, 90248-2903
- **NAICS:** 238320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Rent:** $49K
- **Utilities:** $8K
- **Health care:** $40K
- **Debt interest:** $300
- **Jobs reported:** 83
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*