# PPP loan: GERMFREE LABORATORIES INCORPORATED
> **$1.79M** approved 04/10/2020 · Paid in Full · Loan `1263307106`
## Borrower
- **Name:** GERMFREE LABORATORIES INCORPORATED
- **Address:** 4 SUNSHINE BLVD, ORMOND BEACH, FL, 32174-8754
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.79M
- **Initial approval:** $1.79M
- **Forgiven:** $1.81M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.34M
- **Mortgage interest:** $223K
- **Utilities:** $223K
- **Jobs reported:** 155
## 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*