# PPP loan: LOWRY FARMS INC.
> **$229K** approved 03/04/2021 · Charged Off · Loan `6792968502`
## Borrower
- **Name:** LOWRY FARMS INC.
- **Address:** 2848 Highway 8 S, Hermitage, AR, 71647-9060
- **NAICS:** 111110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $145K (63%)
- **Forgiveness date:** 07/11/2023
- **Status:** Charged Off
- **Term:** 19 months
## Use of funds
- **Payroll:** $229K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Commercial Bank and Trust Company
- **Servicing:** Commercial Bank & Trust Company (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*