# PPP loan: PINNACLE RECOVERY, INC.
> **$751K** approved 04/07/2020 · Paid in Full · Loan `7631307010`
## Borrower
- **Name:** PINNACLE RECOVERY, INC.
- **Address:** 2774 GATEWAY RD, CARLSBAD, CA, 92009-1730
- **NAICS:** 561440
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $751K
- **Initial approval:** $751K
- **Forgiven:** $755K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Rent:** $11K
- **Utilities:** $5K
- **Health care:** $85K
- **Jobs reported:** 43
## 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*