# PPP loan: PATTERSON CHIP COMPANY INC
> **$331K** approved 02/06/2021 · Paid in Full · Loan `4121228405`
## Borrower
- **Name:** PATTERSON CHIP COMPANY INC
- **Address:** 6179 S Hwy 25, Corbin, KY, 40701
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 07/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $331K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Hometown Bank of Corbin, Inc. d/b/a Hometown Bank
- **Servicing:** Hometown Bank of Corbin, Inc. d/b/a Hometown Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*