# PPP loan: HERMAN'S MODERN BAKERY, INC.
> **$396K** approved 04/27/2020 · Paid in Full · Loan `5577197209`
## Borrower
- **Name:** HERMAN'S MODERN BAKERY, INC.
- **Address:** Tun Herman Pan Road Dandan, Saipan, MP, 96950
- **NAICS:** 311811
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Jobs reported:** 129
## Lender
- **Originating:** Bank of Guam
- **Servicing:** Bank of Guam (GU)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*