# PPP loan: THE HERALD, INC.
> **$236K** approved 04/13/2020 · Paid in Full · Loan `4338837100`
## Borrower
- **Name:** THE HERALD, INC.
- **Address:** 625 S. Kibler Street, NEW WASHINGTON, OH, 44854-9541
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Mortgage interest:** $50K
- **Utilities:** $9K
- **Jobs reported:** 31
## Lender
- **Originating:** First Federal Community Bank
- **Servicing:** First Federal Community Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*