# PPP loan: POINSETT RICE & GRAIN, INC
> **$1.14M** approved 04/07/2020 · Paid in Full · Loan `6600057010`
## Borrower
- **Name:** POINSETT RICE & GRAIN, INC
- **Address:** 6211 SOUTHWEST DR, JONESBORO, AR, 72404-8939
- **NAICS:** 424510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $857K
- **Rent:** $286K
- **Jobs reported:** 97
## Lender
- **Originating:** Armor Bank
- **Servicing:** Armor Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*