# PPP loan: PAPER CUTTERS, INC.
> **$258K** approved 04/27/2020 · Paid in Full · Loan `3970447209`
## Borrower
- **Name:** PAPER CUTTERS, INC.
- **Address:** 840 N HIGHWAY 25 BYP, GREENVILLE, SC, 29617-6246
- **NAICS:** 322299
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $10K
- **Utilities:** $14K
- **Health care:** $21K
- **Debt interest:** $7K
- **Jobs reported:** 28
## Lender
- **Originating:** Bank of Travelers Rest
- **Servicing:** Bank of Travelers Rest (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*