# PPP loan: SOUTHERN RATIO
> **$292K** approved 04/06/2020 · Paid in Full · Loan `6296577007`
## Borrower
- **Name:** SOUTHERN RATIO
- **Address:** 416 PREBLE ST, SOUTH PORTLAND, ME, 04106-3020
- **NAICS:** 311812
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Jobs reported:** 36
## Lender
- **Originating:** Bangor Savings Bank
- **Servicing:** Bangor Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*