# PPP loan: CHEROKEE CONSTRUCTION, INC.
> **$362K** approved 04/13/2020 · Paid in Full · Loan `5380197107`
## Borrower
- **Name:** CHEROKEE CONSTRUCTION, INC.
- **Address:** 1060c Tollgate Road, WARWICK, RI, 02886
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Mortgage interest:** $45K
- **Utilities:** $45K
- **Jobs reported:** 27
## Lender
- **Originating:** Centreville Bank
- **Servicing:** Centreville Bank (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*