# PPP loan: PINECREST TREE FARMS
> **$172K** approved 04/15/2020 · Paid in Full · Loan `8535697103`
## Borrower
- **Name:** PINECREST TREE FARMS
- **Address:** 207 East Rauschs Road, New Ringgold, PA, 17960
- **NAICS:** 111421
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $15K
- **Health care:** $1K
- **Debt interest:** $305
- **Jobs reported:** 17
## 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*