# PPP loan: ELEMENT ONE, INC.
> **$165K** approved 04/10/2020 · Paid in Full · Loan `1484787103`
## Borrower
- **Name:** ELEMENT ONE, INC.
- **Address:** 6319 D CAROLINA BEACH RD, WILMINGTON, NC, 28412-2907
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 12
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*