# PPP loan: EMERSON BOILER, INC.
> **$243K** approved 04/15/2020 · Paid in Full · Loan `9760087109`
## Borrower
- **Name:** EMERSON BOILER, INC.
- **Address:** 8721 N 79th Ave, PEORIA, AZ, 85345
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Utilities:** $36K
- **Jobs reported:** 18
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*