# PPP loan: BALSON FAIX & MCVEY LLP
> **$167K** approved 04/11/2020 · Charged Off · Loan `3634617104`
## Borrower
- **Name:** BALSON FAIX & MCVEY LLP
- **Address:** 7400 E Caley Ave, Suite 300, Centennial, CO, 80111-6518
- **NAICS:** 541110
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $149K (89%)
- **Forgiveness date:** 06/02/2023
- **Status:** Charged Off
- **Term:** 18 months
## Use of funds
- **Payroll:** $125K
- **Rent:** $21K
- **Utilities:** $21K
- **Jobs reported:** 8
## 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*