# PPP loan: ITALIAN AMERICAN CORP.
> **$500K** approved 04/15/2020 · Paid in Full · Loan `8551807110`
## Borrower
- **Name:** ITALIAN AMERICAN CORP.
- **Address:** 1515 ALVARADO ST, SAN LEANDRO, CA, 94577-2640
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Mortgage interest:** $100K
- **Jobs reported:** 29
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*