# PPP loan: PANCHI ENGINEERING
> **$150K** approved 02/19/2021 · Charged Off · Loan `1867788510`
## Borrower
- **Name:** PANCHI ENGINEERING
- **Address:** 1105 Creekbluff Dr, Carrollton, TX, 75010-1105
- **NAICS:** 541330
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $1
- **Jobs reported:** 10
## 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*