Crimson Wine Group receives full PPP loan forgiveness of $3.86M from SBA

Crimson Wine Group, Ltd

SBA approved full forgiveness of $3,819,521.91 PPP loan plus accrued interest, total $3,863,234.21.
Loan was originally received April 2020 under CARES Act; forgiveness application approved June 14, 2021.
Proceeds used for payroll, rent, utilities; forgiveness eliminates principal and interest liability.
SBA remitted payment to lender American AgCredit, PCA, satisfying all amounts due.

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