# PPP loan: PENNA POWERS, INC.
> **$536K** approved 05/01/2020 · Paid in Full · Loan `7350707702`
## Borrower
- **Name:** PENNA POWERS, INC.
- **Address:** 1706 MAJOR ST S, SALT LAKE CTY, UT, 84115
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $536K
- **Initial approval:** $536K
- **Forgiven:** $539K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $536K
- **Jobs reported:** 42
## 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*