# PPP loan: SOUTHMOUNTAIN CHILDREN AND FAMILY SERVICES
> **$701K** approved 05/06/2020 · Paid in Full · Loan `2565017407`
## Borrower
- **Name:** SOUTHMOUNTAIN CHILDREN AND FAMILY SERVICES
- **Address:** 110 West Union St. Suite B, MORGANTON, NC, 28655
- **NAICS:** 624110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $701K
- **Initial approval:** $743K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $701K
- **Jobs reported:** 47
## Lender
- **Originating:** LendingClub Bank, National Association
- **Servicing:** LendingClub Bank, National Association (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*