# PPP loan: M W SMITH FARMS
> **$164K** approved 04/15/2020 · Paid in Full · Loan `8497907103`
## Borrower
- **Name:** M W SMITH FARMS
- **Address:** 562 BUCKS CHURCH RD, NEWPORT, PA, 17074-8240
- **NAICS:** 112120
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $115K
- **Rent:** $20K
- **Utilities:** $10K
- **Debt interest:** $20K
- **Jobs reported:** 35
## Lender
- **Originating:** AgChoice ACA
- **Servicing:** AgChoice ACA (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*