# PPP loan: WAUGH ASPHALT INC
> **$229K** approved 04/05/2020 · Paid in Full · Loan `5075327004`
## Borrower
- **Name:** WAUGH ASPHALT INC
- **Address:** 3795 HARDIN ELLISON RD, FRANKLINVILLE, NC, 27248-8110
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 24
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*