# PPP loan: SHERMIT CORP
> **$165K** approved 01/30/2021 · Paid in Full · Loan `9512698308`
## Borrower
- **Name:** SHERMIT CORP
- **Address:** 1565 Palisade Ave, Fort Lee, NJ, 07024-6911
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $165K
- **Utilities:** $1
- **Jobs reported:** 10
## 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*