# PPP loan: SOVEREIGN DISTRIBUTORS, INC.
> **$4.70M** approved 04/15/2020 · Paid in Full · Loan `9109337102`
## Borrower
- **Name:** SOVEREIGN DISTRIBUTORS, INC.
- **Address:** 2030 Springdale Road Suite 400, CHERRY HILL, NJ, 08003
- **NAICS:** 442210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.70M
- **Initial approval:** $4.70M
- **Forgiven:** $4.75M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.70M
- **Jobs reported:** 349
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*