# PPP loan: PELEMAN INDUSTRIES INC
> **$425K** approved 04/28/2020 · Paid in Full · Loan `9541407207`
## Borrower
- **Name:** PELEMAN INDUSTRIES INC
- **Address:** 11820 WILLS RD Ste 100, ALPHARETTA, GA, 30009-2056
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $90K
- **Utilities:** $6K
- **Health care:** $30K
- **Jobs reported:** 32
## 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*