# PPP loan: ARETE CUSTOM BUILDS, LLC
> **$858K** approved 06/23/2020 · Exemption 4 · Loan `2188368004`
## Borrower
- **Name:** ARETE CUSTOM BUILDS, LLC
- **Address:** 7340 GREENBUSH AVE, NORTH HOLLYWOOD, CA, 91605-4003
- **NAICS:** 512110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $821K (96%)
- **Forgiveness date:** 08/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $827K
- **Rent:** $25K
- **Health care:** $7K
- **Jobs reported:** 398
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*