# PPP loan: PEAK RESOURCES - ALAMANCE INC
> **$892K** approved 04/13/2020 · Paid in Full · Loan `5622057104`
## Borrower
- **Name:** PEAK RESOURCES - ALAMANCE INC
- **Address:** 215 College St, GRAHAM, NC, 27253-2206
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $892K
- **Initial approval:** $892K
- **Forgiven:** $902K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $669K
- **Rent:** $158K
- **Mortgage interest:** $65K
- **Jobs reported:** 104
## 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*