# PPP loan: THE CLEARING SPC
> **$157K** approved 03/25/2021 · Charged Off · Loan `9257488600`
## Borrower
- **Name:** THE CLEARING SPC
- **Address:** 2687 W Valley Rd, Friday Harbor, WA, 98250-8164
- **NAICS:** 623220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $40K (26%)
- **Forgiveness date:** 05/19/2023
- **Status:** Charged Off
- **Term:** 19 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Boeing Empl CU
- **Servicing:** Boeing Empl CU (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*