# PPP loan: FRANCHISE DEVELOPMENT, INC.
> **$200K** approved 04/05/2020 · Paid in Full · Loan `5290877008`
## Borrower
- **Name:** FRANCHISE DEVELOPMENT, INC.
- **Address:** 107 West 1st Avenue, HUTCHINSON, KS, 67504-0798
- **NAICS:** 561421
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $189K
- **Rent:** $9K
- **Utilities:** $3K
- **Jobs reported:** 31
## Lender
- **Originating:** Bank of the Plains
- **Servicing:** Bank of the Plains (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*