# PPP loan: ELITE APPLIANCE REPAIR LLC
> **$188K** approved 04/06/2020 · Charged Off · Loan `6179087003`
## Borrower
- **Name:** ELITE APPLIANCE REPAIR LLC
- **Address:** 4335 N 153RD LN, GOODYEAR, AZ, 85395-6301
- **NAICS:** 811412
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $40K (21%)
- **Forgiveness date:** 07/19/2022
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $24K
- **Utilities:** $24K
- **Jobs reported:** 11
## 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*