# PPP loan: PONSI SHOES INC
> **$200K** approved 04/09/2020 · Charged Off · Loan `8944597000`
## Borrower
- **Name:** PONSI SHOES INC
- **Address:** 13389 Route 30, IRWIN, PA, 15642-1116
- **NAICS:** 448210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $64K (32%)
- **Forgiveness date:** 05/25/2022
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 8
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*