# PPP loan: LANCE SMITH, INC
> **$850K** approved 04/13/2020 · Paid in Full · Loan `5409037110`
## Borrower
- **Name:** LANCE SMITH, INC
- **Address:** 85 Gonyeau Rd, COLCHESTER, VT, 05446
- **NAICS:** 711219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $859K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $637K
- **Rent:** $71K
- **Utilities:** $71K
- **Health care:** $71K
- **Jobs reported:** 51
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*