# PPP loan: SHERMAN SPECIALTY INC.
> **$760K** approved 04/27/2020 · Paid in Full · Loan `4571277203`
## Borrower
- **Name:** SHERMAN SPECIALTY INC.
- **Address:** 114 Eileen Way 0, Syosset, NY, 11791-5302
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $760K
- **Initial approval:** $760K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $760K
- **Jobs reported:** 84
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*