# PPP loan: HOMETOWN NEWS LC
> **$246K** approved 04/04/2020 · Paid in Full · Loan `4848147007`
## Borrower
- **Name:** HOMETOWN NEWS LC
- **Address:** 5059 TURNPIKE FEEDER RD, FORT PIERCE, FL, 34951-2246
- **NAICS:** 511110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Mortgage interest:** $62K
- **Jobs reported:** 27
## Lender
- **Originating:** iTHINK Financial CU
- **Servicing:** iTHINK Financial CU (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*