# PPP loan: LEATHERCRAFT INC
> **$501K** approved 03/15/2021 · Paid in Full · Loan `2730398602`
## Borrower
- **Name:** LEATHERCRAFT INC
- **Address:** 102 SECTION HOUSE RD, CONOVER, NC, 28613
- **NAICS:** 337121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 12/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $501K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*