# PPP loan: DISCOVERY INSURANCE COMPANY
> **$553K** approved 04/10/2020 · Paid in Full · Loan `2229857108`
## Borrower
- **Name:** DISCOVERY INSURANCE COMPANY
- **Address:** 604 N QUEEN ST, KINSTON, NC, 28501-4340
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $559K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $553K
- **Jobs reported:** 60
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*