# PPP loan: BERCHICK INC.
> **$306K** approved 04/14/2020 · Paid in Full · Loan `6720217102`
## Borrower
- **Name:** BERCHICK INC.
- **Address:** 9680 5 Eagle Ranch Rd., ALBUQUERQUE, NM, 87114
- **NAICS:** 722110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $248K (81%)
- **Forgiveness date:** 04/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $230K
- **Rent:** $38K
- **Utilities:** $38K
- **Jobs reported:** 122
## 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*