716 MANAGEMENT, INC. (CA) - 2020 PPP Loan Borrower Profile (# 1185667102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 716 MANAGEMENT, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in California.

Loan Detail

Loan Number

1185667102

SBA Office Code

0914

Processing Method

PPP

Curent Loan Amount

$1,280,000

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$786,635.26

Date Loan was Forgiven

Sep 2, 2021

Loan Status

Charged Off

Loan Term

21 Months

Payroll Proced

1,280,000

Lender

Readycap Lending, LLC

Business Detail

Business Type

Corporation

NAICS

236118

Borrower Location

Burbank, CA

Project Location

Burbank, CA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.