# PPP loan: FREDERICK DERR & COMPANY, INC
> **$1.33M** approved 04/06/2020 · Paid in Full · Loan `5604557010`
## Borrower
- **Name:** FREDERICK DERR & COMPANY, INC
- **Address:** 1451 MYRTLE ST, SARASOTA, FL, 34234-4723
- **NAICS:** 237990
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Rent:** $21K
- **Utilities:** $10K
- **Debt interest:** $33K
- **Jobs reported:** 121
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*