# PPP loan: LERCH CONSTRUCTION CO.
> **$210K** approved 04/29/2020 · Paid in Full · Loan `3173777309`
## Borrower
- **Name:** LERCH CONSTRUCTION CO.
- **Address:** 923 Industrial Ave, PALO ALTO, CA, 94303
- **NAICS:** 236220
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $213K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 13
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*