# PPP loan: CLASSIC CONCEPTS, INC.
> **$2.33M** approved 04/08/2020 · Paid in Full · Loan `8572967002`
## Borrower
- **Name:** CLASSIC CONCEPTS, INC.
- **Address:** 4505 BANDINI BLVD, VERNON, CA, 90058-5408
- **NAICS:** 423210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.33M
- **Initial approval:** $2.33M
- **Forgiven:** $2.36M (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Rent:** $451K
- **Utilities:** $75K
- **Jobs reported:** 135
## 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*