# PPP loan: MICHAEL P. SHERMAN, M.D., PH,D., A MEDICAL CORPORATION
> **$692K** approved 04/06/2020 · Paid in Full · Loan `5841417007`
## Borrower
- **Name:** MICHAEL P. SHERMAN, M.D., PH,D., A MEDICAL CORPORATION
- **Address:** 500 LENNON LN, WALNUT CREEK, CA, 94598-2415
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $692K
- **Initial approval:** $692K
- **Forgiven:** $703K (102%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $519K
- **Rent:** $87K
- **Utilities:** $87K
- **Jobs reported:** 48
## 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*