# PPP loan: 700PLUS INC.
> **$158K** approved 08/04/2020 · Charged Off · Loan `3167838205`
## Borrower
- **Name:** 700PLUS INC.
- **Address:** 537 US HIGHWAY 1, NORTH PALM BEACH, FL, 33408
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $148K (94%)
- **Forgiveness date:** 06/29/2022
- **Status:** Charged Off
- **Term:** 25 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 8
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*