# PPP loan: PENWAL INDUSTRIES INC.
> **$290K** approved 02/27/2021 · Paid in Full · Loan `5143938510`
## Borrower
- **Name:** PENWAL INDUSTRIES INC.
- **Address:** 10611 Acacia St, Rancho Cucamonga, CA, 91730-5410
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 08/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $290K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*