# PPP loan: CHERRY BAY ORCHARDS, INC.
> **$368K** approved 04/14/2020 · Paid in Full · Loan `5835867104`
## Borrower
- **Name:** CHERRY BAY ORCHARDS, INC.
- **Address:** 2801 N. JACOBSON RD, SUTTONS BAY, MI, 49682-9706
- **NAICS:** 111339
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $17K
- **Mortgage interest:** $17K
- **Utilities:** $17K
- **Debt interest:** $17K
- **Jobs reported:** 26
## Lender
- **Originating:** Greenstone Farm Credit Services, ACA
- **Servicing:** Greenstone Farm Credit Services, ACA (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*