# PPP loan: CRONIC, INC.
> **$523K** approved 04/15/2020 · Paid in Full · Loan `8710747103`
## Borrower
- **Name:** CRONIC, INC.
- **Address:** 2515 NORTH EXPRESSWAY, GRIFFIN, GA, 30223-7200
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $528K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $471K
- **Mortgage interest:** $26K
- **Utilities:** $26K
- **Jobs reported:** 45
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*