# PPP loan: BERENDSEN FLUID POWER, INC.
> **$5.51M** approved 04/08/2020 · Exemption 4 · Loan `8525777001`
## Borrower
- **Name:** BERENDSEN FLUID POWER, INC.
- **Address:** 401 S Boston Ave, Ste #1200 0.0, Tulsa, OK, 74103-4019
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.51M
- **Initial approval:** $5.51M
- **Forgiven:** $4.78M (87%)
- **Forgiveness date:** 01/11/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $4.09M
- **Rent:** $537K
- **Utilities:** $59K
- **Health care:** $697K
- **Debt interest:** $126K
- **Jobs reported:** 280
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*