# PPP loan: NEQUETTE ARCHITECTS, INC.
> **$282K** approved 04/05/2020 · Paid in Full · Loan `5203367000`
## Borrower
- **Name:** NEQUETTE ARCHITECTS, INC.
- **Address:** 2227 2ND AVE N, 4th floor, BIRMINGHAM, AL, 35203-4240
- **NAICS:** 541310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $50K
- **Utilities:** $7K
- **Jobs reported:** 17
## 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*