# PPP loan: CBC EDUCATION, INC.
> **$400K** approved 05/02/2020 · Paid in Full · Loan `9502207301`
## Borrower
- **Name:** CBC EDUCATION, INC.
- **Address:** 222 E Las Tunas Dr, SAN GABRIEL, CA, 91776
- **NAICS:** 611699
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $60K
- **Health care:** $40K
- **Jobs reported:** 148
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*