# PPP loan: BLUE CHIP ENGINEERED PRODUCTS, INC.
> **$152K** approved 04/04/2020 · Paid in Full · Loan `4600617002`
## Borrower
- **Name:** BLUE CHIP ENGINEERED PRODUCTS, INC.
- **Address:** 1845 AIRPORT EXCHANGE BLVD Suite 160, ERLANGER, KY, 41018-3132
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $14K
- **Utilities:** $2K
- **Debt interest:** $16K
- **Jobs reported:** 13
## Lender
- **Originating:** Central Bank & Trust Co.
- **Servicing:** Central Bank & Trust Co. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*