# PPP loan: BALCH & BINGHAM LLP
> **$6.86M** approved 04/05/2020 · Paid in Full · Loan `5161177003`
## Borrower
- **Name:** BALCH & BINGHAM LLP
- **Address:** 1901 6TH AVE N Ste 1500, BIRMINGHAM, AL, 35203-2602
- **NAICS:** 541110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.86M
- **Initial approval:** $6.86M
- **Forgiven:** $6.94M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.14M
- **Rent:** $857K
- **Utilities:** $857K
- **Jobs reported:** 381
## 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*