# PPP loan: RHODES & STAFFORD, INC.
> **$296K** approved 04/13/2020 · Exemption 4 · Loan `5088737106`
## Borrower
- **Name:** RHODES & STAFFORD, INC.
- **Address:** 1007 WAREHOUSE ST, GREENSBORO, NC, 27405-7231
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $66K (22%)
- **Forgiveness date:** 05/19/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 9
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*