# PPP loan: GARYS & COMPANY NEWPORT BEACH, INC.
> **$407K** approved 04/28/2020 · Paid in Full · Loan `8765397200`
## Borrower
- **Name:** GARYS & COMPANY NEWPORT BEACH, INC.
- **Address:** 923 Newport Center Drive, NEWPORT BEACH, CA, 92660
- **NAICS:** 448110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $407K
- **Initial approval:** $407K
- **Forgiven:** $412K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Mortgage interest:** $10K
- **Utilities:** $12K
- **Jobs reported:** 29
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*