# PPP loan: FITLAB, INC
> **$475K** approved 04/09/2021 · Exemption 4 · Loan `9525828701`
## Borrower
- **Name:** FITLAB, INC
- **Address:** 3106 W Oceanfront, Newport Beach, CA, 92663-3024
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $187K (39%)
- **Forgiveness date:** 09/22/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $475K
- **Utilities:** $1
- **Jobs reported:** 24
## 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*