# PPP loan: SCOTCHIE ENTERPRISES, INC.
> **$188K** approved 04/10/2020 · Paid in Full · Loan `2317167102`
## Borrower
- **Name:** SCOTCHIE ENTERPRISES, INC.
- **Address:** 299 Haywood Rd, ASHEVILLE, NC, 28806-4545
- **NAICS:** 312112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $31K
- **Mortgage interest:** $3K
- **Utilities:** $4K
- **Jobs reported:** 18
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*