# PPP loan: NICHOLS FARM & ORCHARD INC
> **$243K** approved 04/09/2020 · Paid in Full · Loan `9595117002`
## Borrower
- **Name:** NICHOLS FARM & ORCHARD INC
- **Address:** 2602 Hawthorn Rd, MARENGO, IL, 60152-8032
- **NAICS:** 111219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Rent:** $16K
- **Mortgage interest:** $16K
- **Utilities:** $16K
- **Jobs reported:** 40
## Lender
- **Originating:** Compeer Financial, ACA
- **Servicing:** Compeer Financial, ACA (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*