# PPP loan: XINOVA, LLC
> **$1.00M** approved 04/28/2020 · Charged Off · Loan `8729117200`
## Borrower
- **Name:** XINOVA, LLC
- **Address:** 311 B OCCIDENTAL AVE S, Seattle, WA, 98104
- **NAICS:** 541511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $800K (80%)
- **Forgiveness date:** 05/26/2022
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $750K
- **Mortgage interest:** $150K
- **Utilities:** $100K
- **Jobs reported:** 31
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*