# PPP loan: JALEO VEGAS LLC
> **$1.14M** approved 04/07/2020 · Exemption 4 · Loan `6668757004`
## Borrower
- **Name:** JALEO VEGAS LLC
- **Address:** 717 D Street NW, WASHINGTON, DC, 20004-2804
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $916K (80%)
- **Forgiveness date:** 05/27/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $857K
- **Rent:** $143K
- **Utilities:** $143K
- **Jobs reported:** 100
## 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*