# PPP loan: PEGASUS ELITE AVIATION INC
> **$2.00M** approved 02/06/2021 · Charged Off · Loan `4290778407`
## Borrower
- **Name:** PEGASUS ELITE AVIATION INC
- **Address:** 7943 Woodley Ave, Van Nuys, CA, 91406-1232
- **NAICS:** 481211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $1.57M (78%)
- **Forgiveness date:** 12/16/2022
- **Status:** Charged Off
- **Term:** 26 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 85
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*