# PPP loan: SHELTON BROTHERS INC.
> **$364K** approved 04/27/2020 · Charged Off · Loan `5364387203`
## Borrower
- **Name:** SHELTON BROTHERS INC.
- **Address:** 205 Ware Rd., Belchertown, MA, 01007
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $364K
- **Initial approval:** $364K
- **Forgiven:** $336K (92%)
- **Forgiveness date:** 08/31/2021
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $364K
- **Jobs reported:** 30
## Lender
- **Originating:** Liberty Bank
- **Servicing:** Liberty Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*