# PPP loan: HERMAN CONSTRUCTION
> **$288K** approved 04/15/2020 · Charged Off · Loan `8083327106`
## Borrower
- **Name:** HERMAN CONSTRUCTION
- **Address:** 408 Hallowell ave, Horsham, PA, 19044
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $221K (77%)
- **Forgiveness date:** 05/26/2022
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $288K
- **Jobs reported:** 10
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*