# PPP loan: STERN & STERN INDUSTRIES INC.
> **$406K** approved 03/20/2021 · Paid in Full · Loan `5530728604`
## Borrower
- **Name:** STERN & STERN INDUSTRIES INC.
- **Address:** 188 Thacher St, Hornell, NY, 14843-1250
- **NAICS:** 314999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $407K (100%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $406K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*