# PPP loan: PINNACLE ENTERPRISE BUSINESS
> **$330K** approved 02/27/2021 · Charged Off · Loan `5209408508`
## Borrower
- **Name:** PINNACLE ENTERPRISE BUSINESS
- **Address:** 7150 Chesapeake Rd Ste 201 7150 Chesapeake Rd Ste 201, Hyattsville, MD, 20784-2396
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $330K
- **Initial approval:** $330K
- **Forgiven:** $178K (54%)
- **Forgiveness date:** 01/31/2023
- **Status:** Charged Off
- **Term:** 32 months
## Use of funds
- **Payroll:** $330K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** PNC Bank, National Association
- **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*