# PPP loan: METROPOLITAN THEATRES CORPORATION
> **$1.64M** approved 04/09/2020 · Paid in Full · Loan `9607987003`
## Borrower
- **Name:** METROPOLITAN THEATRES CORPORATION
- **Address:** 8727 W   3RD ST, LOS ANGELES, CA, 90048-3803
- **NAICS:** 512131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $85K
- **Mortgage interest:** $100K
- **Utilities:** $150K
- **Jobs reported:** 428
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*