# PPP loan: STERLING MANAGEMENT LTD INC
> **$3.24M** approved 04/04/2020 · Paid in Full · Loan `5029517001`
## Borrower
- **Name:** STERLING MANAGEMENT LTD INC
- **Address:** 3900 EDISON LAKES PKWY SUITE 201, MISHAWAKA, IN, 46545-3418
- **NAICS:** 531390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.24M
- **Initial approval:** $3.24M
- **Forgiven:** $3.28M (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.43M
- **Rent:** $487K
- **Utilities:** $32K
- **Debt interest:** $292K
- **Jobs reported:** 250
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*