# PPP loan: CHALLENGE FINANCIAL SERVICES INC
> **$1.26M** approved 04/14/2020 · Exemption 4 · Loan `5773217101`
## Borrower
- **Name:** CHALLENGE FINANCIAL SERVICES INC
- **Address:** 1004 W TAFT AVE, ORANGE, CA, 92865-4121
- **NAICS:** 522220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Status:** Exemption 4
- **Term:** 5 months
## Use of funds
- **Payroll:** $945K
- **Rent:** $157K
- **Utilities:** $157K
- **Jobs reported:** 107
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*