# PPP loan: L.E.R. LOUNGE INC
> **$204K** approved 04/28/2020 · Paid in Full · Loan `9298587203`
## Borrower
- **Name:** L.E.R. LOUNGE INC
- **Address:** 20930 MALAGA RD, LAKE ELSINORE, CA, 92530
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 40
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*