# PPP loan: BORGIC FARMS, INC
> **$347K** approved 04/09/2020 · Paid in Full · Loan `9872747002`
## Borrower
- **Name:** BORGIC FARMS, INC
- **Address:** 112 S McGown St, RAYMOND, IL, 62560-4963
- **NAICS:** 424520
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $347K
- **Initial approval:** $347K
- **Forgiven:** $349K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Mortgage interest:** $29K
- **Utilities:** $29K
- **Health care:** $29K
- **Jobs reported:** 59
## Lender
- **Originating:** Bank & Trust Company
- **Servicing:** Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*