# PPP loan: SEVEREGN FURNITURE MANAGEMENT CO, INC
> **$1.13M** approved 04/14/2020 · Paid in Full · Loan `7966717104`
## Borrower
- **Name:** SEVEREGN FURNITURE MANAGEMENT CO, INC
- **Address:** 1000 Township Line Road Suite 6, Phoenixville, PA, 19460
- **NAICS:** 442110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $845K
- **Rent:** $171K
- **Utilities:** $31K
- **Health care:** $60K
- **Debt interest:** $20K
- **Jobs reported:** 88
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*