# PPP loan: THE MEDICINE SHOPPE OF SOMERSET, INC.
> **$562K** approved 04/10/2020 · Paid in Full · Loan `1313807102`
## Borrower
- **Name:** THE MEDICINE SHOPPE OF SOMERSET, INC.
- **Address:** 900 E Mt Vernon St, SOMERSET, KY, 42501-1228
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $12K
- **Utilities:** $2K
- **Health care:** $48K
- **Jobs reported:** 57
## Lender
- **Originating:** The Citizens National Bank of Somerset
- **Servicing:** The Citizens National Bank of Somerset (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*