# PPP loan: ELDER CARE ASSOCIATES INC
> **$239K** approved 04/13/2020 · Paid in Full · Loan `4414347109`
## Borrower
- **Name:** ELDER CARE ASSOCIATES INC
- **Address:** 4030 Wake Forest Rd, Raleigh, NC, 27609-0010
- **NAICS:** 621610
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $3K
- **Utilities:** $2K
- **Health care:** $10K
- **Jobs reported:** 48
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*