# PPP loan: PROPEL, A CHARTER MANAGEMENT GROUP, INC
> **$298K** approved 05/08/2020 · Paid in Full · Loan `4341067400`
## Borrower
- **Name:** PROPEL, A CHARTER MANAGEMENT GROUP, INC
- **Address:** 5200 Irwindale Ave, Irwindale, CA, 91706-2097
- **NAICS:** 611710
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $303K (102%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Jobs reported:** 21
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*