# PPP loan: NICHOLS CONTRACTING INC
> **$1.13M** approved 04/13/2020 · Paid in Full · Loan `4246367104`
## Borrower
- **Name:** NICHOLS CONTRACTING INC
- **Address:** 508 Olney Sandy Spring Road, SANDY SPRING, MD, 20860-1009
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Jobs reported:** 89
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*