# PPP loan: PRIETO BROTHERS CORPORATION
> **$500K** approved 04/04/2020 · Exemption 4 · Loan `4927337003`
## Borrower
- **Name:** PRIETO BROTHERS CORPORATION
- **Address:** 419 B Peach Orchard Rd, SALISBURY, NC, 28147-8318
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $6K (1%)
- **Forgiveness date:** 02/14/2023
- **Status:** Exemption 4
- **Term:** 14 months
## Use of funds
- **Payroll:** $375K
- **Utilities:** $125K
- **Jobs reported:** 50
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*