# PPP loan: JEROME H. RHOADS, INC.
> **$1.64M** approved 04/10/2020 · Paid in Full · Loan `1273347100`
## Borrower
- **Name:** JEROME H. RHOADS, INC.
- **Address:** 205 Hazel Street, LANCASTER, PA, 17603-5629
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Rent:** $85K
- **Mortgage interest:** $75K
- **Jobs reported:** 149
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*