# PPP loan: PAYNE, NICKLES & COMPANY
> **$557K** approved 04/05/2020 · Paid in Full · Loan `5264417006`
## Borrower
- **Name:** PAYNE, NICKLES & COMPANY
- **Address:** 257 BENEDICT AVE STE D, NORWALK, OH, 44857-2346
- **NAICS:** 541211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $557K
- **Initial approval:** $557K
- **Forgiven:** $562K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Mortgage interest:** $70K
- **Utilities:** $70K
- **Jobs reported:** 32
## Lender
- **Originating:** The Croghan Colonial Bank
- **Servicing:** The Croghan Colonial Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*