# PPP loan: COLORTONE LACQUER COMPANY INC.
> **$250K** approved 03/10/2021 · Paid in Full · Loan `8780328500`
## Borrower
- **Name:** COLORTONE LACQUER COMPANY INC.
- **Address:** 2420 Ripple St, Los Angeles, CA, 90039-2828
- **NAICS:** 424950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Continental Bank
- **Servicing:** Continental Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*