# PPP loan: LENN CORPORATION
> **$1.28M** approved 04/15/2020 · Charged Off · Loan `1443457200`
## Borrower
- **Name:** LENN CORPORATION
- **Address:** 17816 N. 64th Ave., GLENDALE, AZ, 85308
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $21K (2%)
- **Forgiveness date:** 02/16/2024
- **Status:** Charged Off
- **Term:** 14 months
## Use of funds
- **Payroll:** $959K
- **Mortgage interest:** $160K
- **Utilities:** $160K
- **Jobs reported:** 148
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*