# PPP loan: ADAMS FOODS INC
> **$3.36M** approved 04/13/2020 · Paid in Full · Loan `5331507108`
## Borrower
- **Name:** ADAMS FOODS INC
- **Address:** 8850 TERRENE CT, BONITA SPRINGS, FL, 34135-9524
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.36M
- **Initial approval:** $3.36M
- **Forgiven:** $3.40M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.68M
- **Rent:** $537K
- **Utilities:** $134K
- **Jobs reported:** 500
## Lender
- **Originating:** First Foundation Bank
- **Servicing:** First Foundation Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*