# PPP loan: CARE RING INC
> **$581K** approved 02/01/2021 · Paid in Full · Loan `1261658403`
## Borrower
- **Name:** CARE RING INC
- **Address:** 601 E 5th St Ste 140, Charlotte, NC, 28202-3092
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $581K
- **Initial approval:** $581K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $581K
- **Jobs reported:** 56
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*