# PPP loan: CHEER INC.
> **$1.01M** approved 01/31/2021 · Paid in Full · Loan `9788828300`
## Borrower
- **Name:** CHEER INC.
- **Address:** 546 S Bedford St, Georgetown, DE, 19947-1852
- **NAICS:** 621610
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.04M
- **Forgiven:** $53K (5%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 227
## Lender
- **Originating:** Grow America Fund, Incorporated
- **Servicing:** Grow America Fund, Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*