# PPP loan: MEGAWOOD INC.
> **$273K** approved 02/18/2021 · Paid in Full · Loan `1306438510`
## Borrower
- **Name:** MEGAWOOD INC.
- **Address:** 670 W ALLENTON ST, MOUNT GILEAD, NC, 27306
- **NAICS:** 321912
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $273K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*