# PPP loan: VILLAGE NEWS, INC.
> **$169K** approved 04/16/2020 · Charged Off · Loan `2485437208`
## Borrower
- **Name:** VILLAGE NEWS, INC.
- **Address:** 111 W ALVARADO ST, FALLBROOK, CA, 92028-2050
- **NAICS:** 511120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $136K (80%)
- **Forgiveness date:** 09/16/2021
- **Status:** Charged Off
- **Term:** 19 months
## Use of funds
- **Payroll:** $169K
- **Jobs reported:** 25
## Lender
- **Originating:** PNC Bank, National Association
- **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*