# PPP loan: 550 DEGREES, LLC
> **$340K** approved 04/08/2020 · Paid in Full · Loan `8192057009`
## Borrower
- **Name:** 550 DEGREES, LLC
- **Address:** 16203 S. 24TH PL, PHOENIX, AZ, 85048-4225
- **NAICS:** 722310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Rent:** $65K
- **Jobs reported:** 101
## Lender
- **Originating:** BankFirst
- **Servicing:** BankFirst (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*