# PPP loan: KERN BUSINESS DEVELOPMENT INC.
> **$155K** approved 05/29/2021 · Paid in Full · Loan `9729839005`
## Borrower
- **Name:** KERN BUSINESS DEVELOPMENT INC.
- **Address:** 25 Johnson Ave, Ronkonkoma, NY, 11779-5375
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $116K (75%)
- **Forgiveness date:** 05/28/2024
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $155K
- **Jobs reported:** 2
## Lender
- **Originating:** Hana Bank USA National Association
- **Servicing:** Hana Bank USA National Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*