# PPP loan: MALIBU CONFERENCE CENTER INC
> **$2.82M** approved 04/28/2020 · Paid in Full · Loan `8640897204`
## Borrower
- **Name:** MALIBU CONFERENCE CENTER INC
- **Address:** 327 LATIGO CANYON RD, MALIBU, CA, 90265-2708
- **NAICS:** 722330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.82M
- **Initial approval:** $2.82M
- **Forgiven:** $2.86M (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.11M
- **Rent:** $341K
- **Utilities:** $210K
- **Health care:** $154K
- **Jobs reported:** 433
## 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*