# PPP loan: ADR CAPITAL MANAGEMENT INC
> **$197K** approved 04/10/2020 · Paid in Full · Loan `1712777103`
## Borrower
- **Name:** ADR CAPITAL MANAGEMENT INC
- **Address:** 200 WINTERGREEN LN, BOONE, NC, 28607-4670
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 59
## Lender
- **Originating:** LifeStore Bank
- **Servicing:** LifeStore Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*