# PPP loan: FRED'S PROPANE, INC.
> **$373K** approved 04/09/2020 · Paid in Full · Loan `9980007000`
## Borrower
- **Name:** FRED'S PROPANE, INC.
- **Address:** 326 Main St, DERBY, VT, 05829-9743
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $368K
- **Mortgage interest:** $3K
- **Utilities:** $2K
- **Jobs reported:** 30
## Lender
- **Originating:** Woodsville Guaranty Savings Bank
- **Servicing:** Woodsville Guaranty Savings Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*