# PPP loan: 546 HOLDING CO LLC
> **$573K** approved 04/16/2020 · Exemption 4 · Loan `3044717208`
## Borrower
- **Name:** 546 HOLDING CO LLC
- **Address:** 546 University Ave, PALO ALTO, CA, 94301
- **NAICS:** 722110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $573K
- **Initial approval:** $573K
- **Forgiven:** $396K (69%)
- **Forgiveness date:** 02/17/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $429K
- **Rent:** $72K
- **Utilities:** $72K
- **Jobs reported:** 66
## 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*