# PPP loan: SHERMAN'S BOOKS & STATIONERY INC.
> **$299K** approved 01/29/2021 · Paid in Full · Loan `8701908304`
## Borrower
- **Name:** SHERMAN'S BOOKS & STATIONERY INC.
- **Address:** 5 Commercial St, Boothbay Harbor, ME, 04538-1825
- **NAICS:** 451211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $299K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*