# PPP loan: PENN PACIFIC ADMINISTRATION LLC
> **$288K** approved 04/30/2020 · Paid in Full · Loan `6311637305`
## Borrower
- **Name:** PENN PACIFIC ADMINISTRATION LLC
- **Address:** 4533 Orrington Road, Newport Beach, CA, 92625
- **NAICS:** 531210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Rent:** $36K
- **Utilities:** $36K
- **Jobs reported:** 6
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*