# PPP loan: F C GRANDSONS INC
> **$990K** approved 04/29/2020 · Charged Off · Loan `2721167300`
## Borrower
- **Name:** F C GRANDSONS INC
- **Address:** 584 EXECUTIVE PLACE SUITE 202, FAYETTEVILLE, NC, 28305-5183
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $990K
- **Initial approval:** $990K
- **Forgiven:** $659K (67%)
- **Forgiveness date:** 08/18/2021
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $990K
- **Jobs reported:** 233
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*