# PPP loan: PENNY ARCADE, INC.
> **$560K** approved 05/01/2020 · Paid in Full · Loan `2554057707`
## Borrower
- **Name:** PENNY ARCADE, INC.
- **Address:** 9660 153RD AVE NE, REDMOND, WA, 98052
- **NAICS:** 711190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $426K
- **Rent:** $53K
- **Utilities:** $12K
- **Health care:** $69K
- **Jobs reported:** 39
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*