# PPP loan: SHERMAN'S BOOKS & STATIONERY, INC.
> **$299K** approved 04/10/2020 · Paid in Full · Loan `1616217110`
## Borrower
- **Name:** SHERMAN'S BOOKS & STATIONERY, INC.
- **Address:** 5 Commercial St., BOOTHBAY HARBOR, ME, 04538-1825
- **NAICS:** 451211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Mortgage interest:** $37K
- **Utilities:** $37K
- **Jobs reported:** 94
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*