# PPP loan: DIRECTION FURNITURE CO
> **$269K** approved 03/13/2021 · Paid in Full · Loan `1234558609`
## Borrower
- **Name:** DIRECTION FURNITURE CO
- **Address:** 2506 N Ashe Ave, Newton, NC, 28658-2765
- **NAICS:** 337215
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $269K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*