# PPP loan: RED DRUM INC
> **$172K** approved 02/24/2021 · Paid in Full · Loan `3556018504`
## Borrower
- **Name:** RED DRUM INC
- **Address:** 2412 S Virginia Dare Trl, Nags Head, NC, 27959-9246
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $172K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*