# PPP loan: PLATINUM EMPIRE GROUP, INC
> **$1.77M** approved 04/09/2020 · Paid in Full · Loan `9467077009`
## Borrower
- **Name:** PLATINUM EMPIRE GROUP, INC
- **Address:** 2430 Amsler Street Suite B, Torrance, CA, 90505-5302
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.78M (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Rent:** $265K
- **Utilities:** $177K
- **Jobs reported:** 135
## Lender
- **Originating:** Franklin Bank & Trust Company
- **Servicing:** Franklin Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*