# PPP loan: FRANKLIN MANAGEMENT, INC
> **$249K** approved 04/07/2020 · Paid in Full · Loan `7316157002`
## Borrower
- **Name:** FRANKLIN MANAGEMENT, INC
- **Address:** 650 S HIGHWAY 27 SUITE 5, SOMERSET, KY, 42501-3501
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $3K
- **Utilities:** $3K
- **Health care:** $2K
- **Debt interest:** $26K
- **Jobs reported:** 17
## Lender
- **Originating:** The Citizens National Bank of Somerset
- **Servicing:** The Citizens National Bank of Somerset (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*