# PPP loan: KEY PACKAGING COMPANY INC
> **$488K** approved 04/09/2020 · Paid in Full · Loan `9946447010`
## Borrower
- **Name:** KEY PACKAGING COMPANY INC
- **Address:** 7350 15th St E, SARASOTA, FL, 34243-3274
- **NAICS:** 325211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $40K
- **Utilities:** $33K
- **Health care:** $15K
- **Jobs reported:** 48
## Lender
- **Originating:** First Foundation Bank
- **Servicing:** First Foundation Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*