# PPP loan: SAUNDERS BROS., INC.
> **$1.19M** approved 04/10/2020 · Paid in Full · Loan `1983437108`
## Borrower
- **Name:** SAUNDERS BROS., INC.
- **Address:** 2717 Tye Brook Hwy, PINEY RIVER, VA, 22964-2303
- **NAICS:** 111421
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $954K
- **Mortgage interest:** $119K
- **Utilities:** $119K
- **Jobs reported:** 165
## Lender
- **Originating:** The Farmers Bank of Appomattox
- **Servicing:** The Farmers Bank of Appomattox (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*