# PPP loan: LERNER LADDS BARTELS, INC
> **$416K** approved 04/05/2020 · Paid in Full · Loan `5515277007`
## Borrower
- **Name:** LERNER LADDS BARTELS, INC
- **Address:** 161 Exchange Street, PAWTUCKET, RI, 02860-2237
- **NAICS:** 541310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 27
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*