# PPP loan: ALAMO GILBERT LLC
> **$299K** approved 04/15/2020 · Charged Off · Loan `1470407202`
## Borrower
- **Name:** ALAMO GILBERT LLC
- **Address:** 519 E. Horseshoe Place `, chandler, AZ, 85249-3098
- **NAICS:** 512131
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $140K (47%)
- **Forgiveness date:** 08/09/2021
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $65K
- **Utilities:** $5K
- **Health care:** $5K
- **Jobs reported:** 98
## Lender
- **Originating:** BNC National Bank
- **Servicing:** BNC National Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*