# PPP loan: BIOLARGO DEVELOPMENT CORP
> **$217K** approved 05/17/2020 · Charged Off · Loan `7809707402`
## Borrower
- **Name:** BIOLARGO DEVELOPMENT CORP
- **Address:** 14921 CHESTNUT ST, WESTMINSTER, CA, 92683-5215
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $182K
- **Forgiven:** $177K (81%)
- **Forgiveness date:** 02/03/2022
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $217K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*