# PPP loan: TERAMORE DEVELOPMENT, LLC
> **$630K** approved 04/05/2020 · Paid in Full · Loan `5559407000`
## Borrower
- **Name:** TERAMORE DEVELOPMENT, LLC
- **Address:** 165 Big Star Dr, THOMASVILLE, GA, 31757-7708
- **NAICS:** 531390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $634K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $504K
- **Rent:** $56K
- **Mortgage interest:** $20K
- **Utilities:** $50K
- **Jobs reported:** 40
## Lender
- **Originating:** Thomasville National Bank
- **Servicing:** Thomasville National Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*