# PPP loan: PLATINUM CORRAL, LLC
> **$4.70M** approved 04/09/2020 · Charged Off · Loan `9553167008`
## Borrower
- **Name:** PLATINUM CORRAL, LLC
- **Address:** 521 NEW BRIDGE ST, JACKSONVILLE, NC, 28540-5430
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.70M
- **Initial approval:** $4.70M
- **Forgiven:** $2.68M (57%)
- **Forgiveness date:** 08/16/2021
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $3.76M
- **Rent:** $250K
- **Utilities:** $347K
- **Health care:** $50K
- **Debt interest:** $297K
- **Jobs reported:** 500
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*