# PPP loan: BEARING-BELT & CHAIN, INC
> **$456K** approved 04/15/2020 · Paid in Full · Loan `9599397100`
## Borrower
- **Name:** BEARING-BELT & CHAIN, INC
- **Address:** 729 E Buckeye Rd, PHOENIX, AZ, 85034
- **NAICS:** 212321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $456K
- **Initial approval:** $456K
- **Forgiven:** $460K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Rent:** $57K
- **Utilities:** $57K
- **Jobs reported:** 27
## 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*