# PPP loan: FARM DEPOT, LTD.
> **$301K** approved 04/08/2020 · Paid in Full · Loan `8721387010`
## Borrower
- **Name:** FARM DEPOT, LTD.
- **Address:** 275 COLUMBIA ST, CARO, MI, 48723-9501
- **NAICS:** 423820
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Rent:** $39K
- **Mortgage interest:** $6K
- **Utilities:** $15K
- **Jobs reported:** 26
## Lender
- **Originating:** State Savings Bank
- **Servicing:** State Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*