# PPP loan: PENKHUS MOTOR COMPANY
> **$1.61M** approved 04/06/2020 · Paid in Full · Loan `6114277000`
## Borrower
- **Name:** PENKHUS MOTOR COMPANY
- **Address:** 1101 MOTOR CITY DR, COLORADO SPRINGS, CO, 80905-7312
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Utilities:** $403K
- **Jobs reported:** 140
## 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*