# PPP loan: PENN ENGINEERING
> **$221K** approved 04/28/2020 · Paid in Full · Loan `8216427204`
## Borrower
- **Name:** PENN ENGINEERING
- **Address:** 29045 Avenue Penn, Valencia, CA, 91355-5426
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 18
## Lender
- **Originating:** Idaho First Bank
- **Servicing:** Idaho First Bank (ID)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*