# PPP loan: PEAK RESOURCES-OUTER BANKS  INC
> **$632K** approved 04/14/2020 · Paid in Full · Loan `5966027110`
## Borrower
- **Name:** PEAK RESOURCES-OUTER BANKS  INC
- **Address:** 430 W Health Center Dr, NAGS HEAD, NC, 27959-8943
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $638K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $474K
- **Rent:** $75K
- **Mortgage interest:** $83K
- **Jobs reported:** 77
## 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*