# PPP loan: CORNERSTONE CHEESE & CHARCUTERIE
> **$240K** approved 03/06/2021 · Charged Off · Loan `7453848501`
## Borrower
- **Name:** CORNERSTONE CHEESE & CHARCUTERIE
- **Address:** 1 West Ave, Wayne, PA, 19087-3220
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $134K (56%)
- **Forgiveness date:** 08/31/2022
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 14
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*