# PPP loan: URBAN CRE LLC
> **$164K** approved 04/07/2020 · Charged Off · Loan `7150537008`
## Borrower
- **Name:** URBAN CRE LLC
- **Address:** 16 HEDGE LN, AUSTIN, TX, 78746-3207
- **NAICS:** 621493
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $148K (90%)
- **Forgiveness date:** 10/19/2023
- **Status:** Charged Off
- **Term:** 14 months
## Use of funds
- **Payroll:** $123K
- **Rent:** $21K
- **Utilities:** $21K
- **Jobs reported:** 23
## 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*