# PPP loan: AUCTION NATION LLC
> **$620K** approved 04/13/2020 · Paid in Full · Loan `4378827102`
## Borrower
- **Name:** AUCTION NATION LLC
- **Address:** 2710 W. Bell Rd Suite 1240, PHOENIX, AZ, 85053
- **NAICS:** 454110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $550K (89%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $560K
- **Rent:** $30K
- **Utilities:** $15K
- **Health care:** $15K
- **Jobs reported:** 89
## 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*