Forty-Niner Shops, Inc.

$2,000,000 PPP Loan in Long Beach, California

Loan Details

Loan Number
8805077008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,022,685
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Forty-Niner Shops, Inc.
Address
6049 E 7th St
ZIP Code
90840-0007
Business Type
Non-Profit Organization
Industry (NAICS)
Retail Trade (451211)
Business Age
Existing or more than 2 years old
Jobs Reported
98
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
CA-42

Loan Use Breakdown

Payroll
$1,371,400
Rent
$30,000
Utilities
$60,000
Health Care
$400,000
Debt Interest
$138,600

Lender Information

Servicing Lender
City National Bank
Originating Lender
City National Bank

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