# PPP loan: BANNER MANAGEMENT, INC.
> **$1.29M** approved 04/15/2020 · Paid in Full · Loan `8520967109`
## Borrower
- **Name:** BANNER MANAGEMENT, INC.
- **Address:** 443 Frederick Avenue, GAITHERSBURG, MD, 20877
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $965K
- **Utilities:** $322K
- **Jobs reported:** 425
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*