# PPP loan: WELLSPRING BUILDERS INC
> **$440K** approved 04/13/2020 · Paid in Full · Loan `5000347103`
## Borrower
- **Name:** WELLSPRING BUILDERS INC
- **Address:** 3803 Central Pike, Hermitage, TN, 37076-3408
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $440K
- **Initial approval:** $440K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Rent:** $24K
- **Utilities:** $5K
- **Health care:** $8K
- **Debt interest:** $264
- **Jobs reported:** 29
## Lender
- **Originating:** CapStar Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*