# PPP loan: SHERMAN'S DELICATESSEN & BAKERY EAST
> **$499K** approved 04/27/2020 · Paid in Full · Loan `4615367209`
## Borrower
- **Name:** SHERMAN'S DELICATESSEN & BAKERY EAST
- **Address:** 73161 COUNTRY CLUB DR, PALM DESERT, CA, 92260-2395
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $499K
- **Initial approval:** $499K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Rent:** $9K
- **Jobs reported:** 80
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*