# PPP loan: CHALLENGE INDUSTRIES, INC.
> **$816K** approved 04/10/2020 · Paid in Full · Loan `2263227100`
## Borrower
- **Name:** CHALLENGE INDUSTRIES, INC.
- **Address:** 950 DANBY ROAD SUITE 179, ITHACA, NY, 14850-5663
- **NAICS:** 624310
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $816K
- **Initial approval:** $816K
- **Forgiven:** $822K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $774K
- **Rent:** $34K
- **Mortgage interest:** $9K
- **Jobs reported:** 163
## Lender
- **Originating:** CFCU Community CU
- **Servicing:** CFCU Community CU (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*