# PPP loan: SMITH NEWS COMPANY, INC.
> **$1.17M** approved 05/01/2020 · Exemption 4 · Loan `9920157705`
## Borrower
- **Name:** SMITH NEWS COMPANY, INC.
- **Address:** 395 OYSTER POINT BLVD., SUITE 212, SOUTH SAN FRANCISCO, CA, 94080
- **NAICS:** 453220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $973K (84%)
- **Forgiveness date:** 02/25/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 94
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*