# PPP loan: SMERNIS ENTERPRISES INC
> **$352K** approved 04/08/2020 · Exemption 4 · Loan `8578757010`
## Borrower
- **Name:** SMERNIS ENTERPRISES INC
- **Address:** 16212 SMOKEY POINT BLVD, MARYSVILLE, WA, 98271-5900
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $332K (94%)
- **Forgiveness date:** 02/16/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $352K
- **Jobs reported:** 26
## Lender
- **Originating:** Coastal Community Bank
- **Servicing:** Coastal Community Bank (WA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*