# PPP loan: SBC HOSPITALITY, LLC DBA STEIN BREWING
> **$403K** approved 04/14/2020 · Charged Off · Loan `6932257105`
## Borrower
- **Name:** SBC HOSPITALITY, LLC DBA STEIN BREWING
- **Address:** 109 South Main Street, MOUNT VERNON, OH, 43050-3323
- **NAICS:** 312120
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $403K
- **Initial approval:** $403K
- **Forgiven:** $240K (60%)
- **Forgiveness date:** 01/04/2022
- **Status:** Charged Off
- **Term:** 63 months
## Use of funds
- **Payroll:** $302K
- **Rent:** $40K
- **Utilities:** $20K
- **Health care:** $40K
- **Jobs reported:** 41
## Lender
- **Originating:** Heartland Bank
- **Servicing:** Heartland Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*