# PPP loan: KMAC OF THE CAROLINAS, INC
> **$577K** approved 05/06/2020 · Paid in Full · Loan `2984587408`
## Borrower
- **Name:** KMAC OF THE CAROLINAS, INC
- **Address:** 3748 Performance Rd, CHARLOTTE, NC, 28214
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $577K
- **Initial approval:** $577K
- **Forgiven:** $581K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $577K
- **Jobs reported:** 57
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*