# PPP loan: WENDY'S OF COLORADO SPRINGS, INC.
> **$7.24M** approved 04/13/2020 · Paid in Full · Loan `5430777103`
## Borrower
- **Name:** WENDY'S OF COLORADO SPRINGS, INC.
- **Address:** 11515 N. Academy Blvd, COLORADO SPRINGS, CO, 80909
- **NAICS:** 722511
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.24M
- **Initial approval:** $7.24M
- **Forgiven:** $7.41M (102%)
- **Forgiveness date:** 08/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $7.14M
- **Rent:** $50K
- **Utilities:** $50K
- **Jobs reported:** 500
## Lender
- **Originating:** First Source Federal Credit Union
- **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*