# PPP loan: BLACK OAK HOMES & DESIGN
> **$273K** approved 04/14/2020 · Exemption 4 · Loan `7609197105`
## Borrower
- **Name:** BLACK OAK HOMES & DESIGN
- **Address:** 2130 Academy Cir F, COLORADO SPRINGS, CO, 80909
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $13K (5%)
- **Forgiveness date:** 07/17/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $263K
- **Mortgage interest:** $5K
- **Utilities:** $5K
- **Jobs reported:** 16
## 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*