# PPP loan: THE SOVAREIGN CORPORATION
> **$262K** approved 06/22/2021 · Charged Off · Loan `1091949105`
## Borrower
- **Name:** THE SOVAREIGN CORPORATION
- **Address:** 44349 Lowtree Ave Ste 110, Lancaster, CA, 93534-4104
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $260K (99%)
- **Forgiveness date:** 05/05/2022
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $262K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** The Enterprise Center Capital Corporation
- **Servicing:** American Lending Center (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*