# PPP loan: THE KATELLA WELLNESS CENTER, INCORPORATED
> **$236K** approved 04/08/2020 · Charged Off · Loan `8555317004`
## Borrower
- **Name:** THE KATELLA WELLNESS CENTER, INCORPORATED
- **Address:** 4152 KATELLA AVE, Ste 201, LOS ALAMITOS, CA, 90720-3407
- **NAICS:** 621111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $104K (44%)
- **Forgiveness date:** 11/04/2022
- **Status:** Charged Off
- **Term:** 90 months
## Use of funds
- **Payroll:** $211K
- **Health care:** $25K
- **Jobs reported:** 7
## 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*