# PPP loan: CARAMORE COMMUNITY INC.
> **$285K** approved 03/26/2021 · Paid in Full · Loan `1214688703`
## Borrower
- **Name:** CARAMORE COMMUNITY INC.
- **Address:** 550 Smith Level Rd, Carrboro, NC, 27510-2555
- **NAICS:** 624310
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $287K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $285K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*