# PPP loan: POINT3 FARMA LLC
> **$984K** approved 04/14/2020 · Charged Off · Loan `7249887106`
## Borrower
- **Name:** POINT3 FARMA LLC
- **Address:** 49998 COUNTY RD E, CENTER, CO, 81125-8910
- **NAICS:** 325412
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $984K
- **Initial approval:** $984K
- **Forgiven:** $803K (82%)
- **Forgiveness date:** 05/20/2021
- **Status:** Charged Off
- **Term:** 8 months
## Use of funds
- **Payroll:** $740K
- **Utilities:** $20K
- **Debt interest:** $224K
- **Jobs reported:** 80
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*