# PPP loan: PEGASUS ELITE AVIATION, INC.
> **$1.79M** approved 04/13/2020 · Charged Off · Loan `5292427104`
## Borrower
- **Name:** PEGASUS ELITE AVIATION, INC.
- **Address:** 7943 WOODLEY AVE, VAN NUYS, CA, 91406-1232
- **NAICS:** 481211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.79M
- **Initial approval:** $1.79M
- **Forgiven:** $1.54M (86%)
- **Forgiveness date:** 04/26/2022
- **Status:** Charged Off
- **Term:** 16 months
## Use of funds
- **Payroll:** $1.34M
- **Rent:** $295K
- **Utilities:** $21K
- **Health care:** $130K
- **Jobs reported:** 82
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*