# PPP loan: BIO-CONCEPTS INC
> **$326K** approved 04/15/2020 · Paid in Full · Loan `8963427110`
## Borrower
- **Name:** BIO-CONCEPTS INC
- **Address:** 2424 E University Dr, PHOENIX, AZ, 85034-6911
- **NAICS:** 315280
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Utilities:** $81K
- **Jobs reported:** 39
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*