# PPP loan: AMERICAN CONTRACTORS LLC
> **$229K** approved 05/06/2020 · Charged Off · Loan `2672957402`
## Borrower
- **Name:** AMERICAN CONTRACTORS LLC
- **Address:** 505 HEZEKIAH RD, PEMBROKE, NC, 28372-9591
- **NAICS:** 561790
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $136K (59%)
- **Forgiveness date:** 05/19/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 40
## 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*