# PPP loan: TORCHES DESIGN STUDIO, INC
> **$165K** approved 04/11/2020 · Paid in Full · Loan `3314307106`
## Borrower
- **Name:** TORCHES DESIGN STUDIO, INC
- **Address:** 688 N NC 16 BUSINESS HWY BLDG A, DENVER, NC, 28037-0140
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 19
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*