# PPP loan: TARNIK INC.
> **$520K** approved 01/29/2021 · Exemption 4 · Loan `8627508303`
## Borrower
- **Name:** TARNIK INC.
- **Address:** 24730 Avenue Rockefeller, Valencia, CA, 91355-3465
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $251K (48%)
- **Forgiveness date:** 11/30/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $520K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*