# PPP loan: CUT & RUT, LLC
> **$878K** approved 04/08/2020 · Paid in Full · Loan `8768417003`
## Borrower
- **Name:** CUT & RUT, LLC
- **Address:** 2044 BROADWAY, SANTA MONICA, CA, 90404-2910
- **NAICS:** 512120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $878K
- **Initial approval:** $878K
- **Forgiven:** $888K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $636K
- **Rent:** $173K
- **Utilities:** $17K
- **Health care:** $52K
- **Jobs reported:** 34
## 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*