# PPP loan: N RAO BOORGU, MD, PC
> **$247K** approved 04/28/2020 · Paid in Full · Loan `7011937206`
## Borrower
- **Name:** N RAO BOORGU, MD, PC
- **Address:** 422 DR HICKS BLVD, FLORENCE, AL, 35630-5707
- **NAICS:** 622110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Health care:** $12K
- **Jobs reported:** 17
## Lender
- **Originating:** First Metro Bank
- **Servicing:** First Metro Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*