# PPP loan: LORNAT INC
> **$479K** approved 01/26/2021 · Charged Off · Loan `6305128305`
## Borrower
- **Name:** LORNAT INC
- **Address:** 6105 Old Route 8, Butler, PA, 16002-0477
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $479K
- **Initial approval:** $479K
- **Forgiven:** $451K (94%)
- **Forgiveness date:** 06/28/2022
- **Status:** Charged Off
- **Term:** 36 months
## Use of funds
- **Payroll:** $479K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*