# PPP loan: CHERRY ISLAND, LLC
> **$387K** approved 04/15/2020 · Paid in Full · Loan `1372437207`
## Borrower
- **Name:** CHERRY ISLAND, LLC
- **Address:** 4048 New Castle Avenue, New Castle, DE, 19720
- **NAICS:** 532412
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Utilities:** $12K
- **Health care:** $45K
- **Jobs reported:** 30
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*