# PPP loan: BOBA TEA COMPANY INC
> **$496K** approved 04/14/2020 · Paid in Full · Loan `7626887102`
## Borrower
- **Name:** BOBA TEA COMPANY INC
- **Address:** 8216 Montgomery Blvd NE, ALBUQUERQUE, NM, 87109
- **NAICS:** 311920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $508K (103%)
- **Forgiveness date:** 10/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Rent:** $62K
- **Utilities:** $62K
- **Jobs reported:** 151
## 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*