# PPP loan: SMITH FARMS, INC.
> **$196K** approved 04/10/2020 · Paid in Full · Loan `2438637108`
## Borrower
- **Name:** SMITH FARMS, INC.
- **Address:** 1455 EL VAUGHAN RD, COBBTOWN, GA, 30420-5829
- **NAICS:** 111219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $39K
- **Jobs reported:** 56
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*