# PPP loan: THE PRINCE LUMBER CO. INC.
> **$895K** approved 04/06/2020 · Paid in Full · Loan `5854047002`
## Borrower
- **Name:** THE PRINCE LUMBER CO. INC.
- **Address:** 618 West 47th Street, NEW YORK, NY, 10036-1907
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $895K
- **Initial approval:** $895K
- **Forgiven:** $903K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $691K
- **Rent:** $200K
- **Utilities:** $5K
- **Jobs reported:** 62
## 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*