# PPP loan: THE PAPERS INC
> **$2.04M** approved 04/09/2020 · Paid in Full · Loan `9040197000`
## Borrower
- **Name:** THE PAPERS INC
- **Address:** 206 S Main St, MILFORD, IN, 46542-3004
- **NAICS:** 511110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.04M
- **Initial approval:** $2.04M
- **Forgiven:** $2.06M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Rent:** $6K
- **Utilities:** $53K
- **Health care:** $224K
- **Jobs reported:** 177
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*