# PPP loan: STERN BEVERAGE, INC.
> **$517K** approved 04/04/2020 · Paid in Full · Loan `4700407006`
## Borrower
- **Name:** STERN BEVERAGE, INC.
- **Address:** 961 Tech Dr. PO BOX 828, MILAN, IL, 61264-2900
- **NAICS:** 424820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $517K
- **Initial approval:** $517K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Rent:** $65K
- **Mortgage interest:** $38K
- **Jobs reported:** 49
## Lender
- **Originating:** Fortress Bank
- **Servicing:** Fortress Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*