# PPP loan: ROOM 214, INC.
> **$557K** approved 04/28/2020 · Charged Off · Loan `7957597201`
## Borrower
- **Name:** ROOM 214, INC.
- **Address:** 3340 MITCHELL LN, BOULDER, CO, 80301
- **NAICS:** 813920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $557K
- **Initial approval:** $557K
- **Forgiven:** $476K (85%)
- **Forgiveness date:** 11/02/2022
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $555K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 18
## 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*