# PPP loan: GTL1, LLC
> **$221K** approved 05/01/2020 · Charged Off · Loan `5308197701`
## Borrower
- **Name:** GTL1, LLC
- **Address:** 1700 Sinton Rd, Santa Maria, CA, 93458
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $118K (53%)
- **Forgiveness date:** 01/12/2022
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 15
## 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*