# PPP loan: FOLSEYS CARTAGE LLC
> **$248K** approved 05/04/2020 · Exemption 4 · Loan `1740547406`
## Borrower
- **Name:** FOLSEYS CARTAGE LLC
- **Address:** RICHARD FOLSOM 7208 PINE RIDGE DR, DENVER, NC, 28037-9381
- **NAICS:** 562998
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $6K (2%)
- **Forgiveness date:** 09/07/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*