# PPP loan: PARK PLACE COMMERCIAL LP
> **$924K** approved 03/09/2021 · Charged Off · Loan `8120388501`
## Borrower
- **Name:** PARK PLACE COMMERCIAL LP
- **Address:** 928 E Colorado Blvd, Pasadena, CA, 91106-1722
- **NAICS:** 721110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $924K
- **Initial approval:** $924K
- **Forgiven:** $264K (29%)
- **Forgiveness date:** 07/20/2022
- **Status:** Charged Off
- **Term:** 18 months
## Use of funds
- **Payroll:** $924K
- **Utilities:** $1
- **Jobs reported:** 81
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*