# PPP loan: AVALON MANAGEMENT INC
> **$540K** approved 04/28/2020 · Paid in Full · Loan `9627347203`
## Borrower
- **Name:** AVALON MANAGEMENT INC
- **Address:** 9171 WILSHIRE BLVD Ste 320, BEVERLY HILLS, CA, 90210-5516
- **NAICS:** 711410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $474K (88%)
- **Forgiveness date:** 02/07/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $433K
- **Rent:** $48K
- **Utilities:** $10K
- **Health care:** $49K
- **Jobs reported:** 23
## 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*