# PPP loan: MONTAGUE DEVELOPMENT, LLC
> **$350K** approved 04/04/2020 · Paid in Full · Loan `4878467010`
## Borrower
- **Name:** MONTAGUE DEVELOPMENT, LLC
- **Address:** 10305 PENNY RD, RALEIGH, NC, 27606-9107
- **NAICS:** 238910
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $351K (100%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $323K
- **Utilities:** $9K
- **Debt interest:** $18K
- **Jobs reported:** 39
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*