# PPP loan: LOVERN'S INC
> **$288K** approved 04/08/2020 · Paid in Full · Loan `8000577008`
## Borrower
- **Name:** LOVERN'S INC
- **Address:** 5610 Industrial Pl Ste 150, COLORADO SPRINGS, CO, 80916-1714
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $16K
- **Health care:** $3K
- **Jobs reported:** 41
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*