# PPP loan: SOMERSET OPERATING COMPANY LLC
> **$1.14M** approved 01/31/2021 · Exemption 4 · Loan `9757508306`
## Borrower
- **Name:** SOMERSET OPERATING COMPANY LLC
- **Address:** 9 Federal St, Easton, MD, 21601-2705
- **NAICS:** 221118
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $766K (67%)
- **Forgiveness date:** 03/02/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.14M
- **Utilities:** $1
- **Jobs reported:** 237
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*