# PPP loan: PALOMINO CONSTRUCTION L.L.C.
> **$171K** approved 05/15/2020 · Charged Off · Loan `6712627401`
## Borrower
- **Name:** PALOMINO CONSTRUCTION L.L.C.
- **Address:** 2240 DESERT AVE W, PHOENIX, AZ, 85029
- **NAICS:** 238160
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $87K (51%)
- **Forgiveness date:** 02/07/2022
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $171K
- **Jobs reported:** 12
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*