# PPP loan: ORCHID MEDICAL INC.
> **$1.42M** approved 04/08/2020 · Paid in Full · Loan `7781627007`
## Borrower
- **Name:** ORCHID MEDICAL INC.
- **Address:** 622 E. Washington St STE 500, ORLANDO, FL, 32801-2938
- **NAICS:** 621111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.06M
- **Mortgage interest:** $354K
- **Jobs reported:** 130
## 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*