# PPP loan: THE PENCIL GRIP, INC.
> **$170K** approved 04/09/2020 · Paid in Full · Loan `1056237106`
## Borrower
- **Name:** THE PENCIL GRIP, INC.
- **Address:** 21200 SUPERIOR ST STE A, CHATSWORTH, CA, 91311
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $19K
- **Utilities:** $610
- **Jobs reported:** 11
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*