# PPP loan: PLATINUM, INC.
> **$190K** approved 05/01/2020 · Charged Off · Loan `5282087704`
## Borrower
- **Name:** PLATINUM, INC.
- **Address:** 826 SOLOMONS ISLE RD N UNIT A, PRINCE FREDERICK, MD, 20678-3918
- **NAICS:** 327211
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $26K (14%)
- **Forgiveness date:** 12/17/2021
- **Status:** Charged Off
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Jobs reported:** 5
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*