# PPP loan: SMITH FOODS INC.
> **$560K** approved 04/15/2020 · Paid in Full · Loan `8604787100`
## Borrower
- **Name:** SMITH FOODS INC.
- **Address:** 1381 DAIRY LN, ORRVILLE, OH, 44667-2503
- **NAICS:** 311511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 03/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $140K
- **Jobs reported:** 99
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*