# PPP loan: ABBEY LOO, INC.
> **$325K** approved 04/15/2020 · Paid in Full · Loan `9215677103`
## Borrower
- **Name:** ABBEY LOO, INC.
- **Address:** 17719 PALORA ST, ENCINO, CA, 91316-3710
- **NAICS:** 611110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Rent:** $47K
- **Utilities:** $8K
- **Health care:** $10K
- **Jobs reported:** 33
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*