# PPP loan: FERGUSON SM, INC.
> **$525K** approved 04/16/2020 · Charged Off · Loan `2328197204`
## Borrower
- **Name:** FERGUSON SM, INC.
- **Address:** 2946 State St, #F, CARLSBAD, CA, 92008
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Status:** Charged Off
- **Term:** 33 months
## Use of funds
- **Payroll:** $394K
- **Rent:** $66K
- **Utilities:** $66K
- **Jobs reported:** 130
## 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*