# PPP loan: FORTY-NINER SHOPS, INC.
> **$2.00M** approved 04/08/2020 · Paid in Full · Loan `8805077008`
## Borrower
- **Name:** FORTY-NINER SHOPS, INC.
- **Address:** 6049 E 7TH ST, LONG BEACH, CA, 90840-0007
- **NAICS:** 451211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Rent:** $30K
- **Utilities:** $60K
- **Health care:** $400K
- **Debt interest:** $139K
- **Jobs reported:** 98
## 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*