# PPP loan: CHAR INC
> **$895K** approved 04/12/2020 · Paid in Full · Loan `4043987102`
## Borrower
- **Name:** CHAR INC
- **Address:** 1745 GUNTER AVE, GUNTERSVILLE, AL, 35976-1821
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $895K
- **Initial approval:** $895K
- **Forgiven:** $902K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $895K
- **Jobs reported:** 270
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*