# PPP loan: CLARENCE DAVIDS & CO
> **$2.28M** approved 04/14/2020 · Exemption 4 · Loan `7167607110`
## Borrower
- **Name:** CLARENCE DAVIDS & CO
- **Address:** 22901 RIDGELAND AVE, MATTESON, IL, 60443-2882
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.28M
- **Initial approval:** $2.28M
- **Forgiven:** $2.16M (94%)
- **Forgiveness date:** 09/14/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.28M
- **Jobs reported:** 235
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*