# PPP loan: SHOMAKER LUMBER COMPANY, INC
> **$361K** approved 04/14/2020 · Paid in Full · Loan `6576677105`
## Borrower
- **Name:** SHOMAKER LUMBER COMPANY, INC
- **Address:** 24895 HIGHWAY 22, MC KENZIE, TN, 38201-8915
- **NAICS:** 321113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Mortgage interest:** $48K
- **Utilities:** $24K
- **Jobs reported:** 45
## Lender
- **Originating:** Carroll Bank & Trust
- **Servicing:** Carroll Bank & Trust (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*