# PPP loan: MONTGOMERY DEVELOPMENT CAROLINA CORP
> **$246K** approved 04/11/2020 · Paid in Full · Loan `2604577110`
## Borrower
- **Name:** MONTGOMERY DEVELOPMENT CAROLINA CORP
- **Address:** 7806 NC Hwy 751 Durham SUITE 100, DURHAM, NC, 27713-6827
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $209K (85%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $246K
- **Jobs reported:** 12
## 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*