# PPP loan: GARNET OF WEST CHESTER INC
> **$481K** approved 04/28/2020 · Paid in Full · Loan `7881847207`
## Borrower
- **Name:** GARNET OF WEST CHESTER INC
- **Address:** 1620 Wilmington Pike, West Chester, PA, 19382
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $100K
- **Utilities:** $12K
- **Health care:** $49K
- **Jobs reported:** 37
## Lender
- **Originating:** Franklin Mint FCU
- **Servicing:** Franklin Mint FCU (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*