# PPP loan: THE FORMULA FAMILY INC
> **$987K** approved 04/23/2021 · Charged Off · Loan `8907228808`
## Borrower
- **Name:** THE FORMULA FAMILY INC
- **Address:** 22812 Soledad Canyon Rd, Santa Clarita, CA, 91350-2630
- **NAICS:** 541620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $987K
- **Initial approval:** $987K
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $987K
- **Utilities:** $1
- **Jobs reported:** 54
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*