# PPP loan: 575 U, LLC
> **$179K** approved 04/06/2020 · Charged Off · Loan `6115187010`
## Borrower
- **Name:** 575 U, LLC
- **Address:** 575 S UNIVERSITY BLVD, NORMAN, OK, 73069-5747
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $121K (68%)
- **Forgiveness date:** 06/24/2021
- **Status:** Charged Off
- **Term:** 17 months
## Use of funds
- **Payroll:** $134K
- **Rent:** $27K
- **Utilities:** $2K
- **Health care:** $16K
- **Jobs reported:** 52
## Lender
- **Originating:** Armstrong Bank
- **Servicing:** Armstrong Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*