# PPP loan: PONDEROSA, INC
> **$1.31M** approved 04/04/2020 · Paid in Full · Loan `4946517004`
## Borrower
- **Name:** PONDEROSA, INC
- **Address:** 2511 North Oak Street, MYRTLE BEACH, SC, 29577-3127
- **NAICS:** 713910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $100K
- **Utilities:** $42K
- **Health care:** $120K
- **Jobs reported:** 197
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*