# PPP loan: RECOVERY GRADS LLC
> **$455K** approved 03/06/2021 · Charged Off · Loan `7820888505`
## Borrower
- **Name:** RECOVERY GRADS LLC
- **Address:** 7997 Camino Predera, Rancho Cucamonga, CA, 91730-1919
- **NAICS:** 621420
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $455K
- **Initial approval:** $455K
- **Forgiven:** $329K (72%)
- **Forgiveness date:** 04/14/2022
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $455K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Community Federal Savings Bank
- **Servicing:** Community Federal Savings Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*