# PPP loan: SPIRITED VENTURES 11 INC.
> **$348K** approved 01/28/2021 · Charged Off · Loan `7460538304`
## Borrower
- **Name:** SPIRITED VENTURES 11 INC.
- **Address:** 515 W 7TH ST FL 3, LOS ANGELES, CA, 90014
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $220K (63%)
- **Forgiveness date:** 08/30/2022
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $348K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** Titan Bank, National Association
- **Servicing:** Titan Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*