# PPP loan: PETERSON FARMS
> **$602K** approved 04/13/2020 · Paid in Full · Loan `4650407105`
## Borrower
- **Name:** PETERSON FARMS
- **Address:** 250 COUNTY LINE RD, LORETTO, KY, 40037-8910
- **NAICS:** 111150
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $602K
- **Initial approval:** $602K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $451K
- **Mortgage interest:** $90K
- **Utilities:** $60K
- **Jobs reported:** 39
## Lender
- **Originating:** The Farmers National Bank of Lebanon
- **Servicing:** The Farmers National Bank of Lebanon (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*