# PPP loan: TIMOTHY KUANG, MD, INC.
> **$245K** approved 05/01/2020 · Exemption 4 · Loan `9980957700`
## Borrower
- **Name:** TIMOTHY KUANG, MD, INC.
- **Address:** 1954 FORTUNA CT, SAN LUIS OBISPO, CA, 93405
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $157K (64%)
- **Forgiveness date:** 01/10/2023
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 2
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*