# PPP loan: 3360 MAGNOLIA AVE, INC.
> **$567K** approved 04/08/2020 · Paid in Full · Loan `8617277001`
## Borrower
- **Name:** 3360 MAGNOLIA AVE, INC.
- **Address:** 3360 Magnolia Ave, LONG BEACH, CA, 90806-1200
- **NAICS:** 623312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $571K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $567K
- **Jobs reported:** 98
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*