# PPP loan: AMERICAN ASSET CORPORATION
> **$870K** approved 04/13/2020 · Paid in Full · Loan `4934647109`
## Borrower
- **Name:** AMERICAN ASSET CORPORATION
- **Address:** 5950 Fairview Rd. Suite 800, CHARLOTTE, NC, 28210-0084
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $870K
- **Initial approval:** $870K
- **Forgiven:** $882K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $696K
- **Rent:** $76K
- **Health care:** $98K
- **Jobs reported:** 51
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*