# PPP loan: CANDEO SCHOOLS, INC.
> **$519K** approved 04/10/2020 · Charged Off · Loan `2361237107`
## Borrower
- **Name:** CANDEO SCHOOLS, INC.
- **Address:** 9965 W. Calle Lejos, PEORIA, AZ, 85383
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $485K (93%)
- **Forgiveness date:** 06/17/2022
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $519K
- **Jobs reported:** 54
## 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*