# PPP loan: B & N GRADING, INC.
> **$947K** approved 04/06/2020 · Paid in Full · Loan `5684527000`
## Borrower
- **Name:** B & N GRADING, INC.
- **Address:** PO Box 790496, CHARLOTTE, NC, 28206
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $947K
- **Initial approval:** $985K
- **Forgiven:** $955K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $869K
- **Rent:** $9K
- **Utilities:** $21K
- **Health care:** $30K
- **Debt interest:** $18K
- **Jobs reported:** 63
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*