# PPP loan: FREEDOM INDUSTRIES, INC.
> **$1.86M** approved 04/27/2020 · Paid in Full · Loan `5996807207`
## Borrower
- **Name:** FREEDOM INDUSTRIES, INC.
- **Address:** 4000 East Old Spring Hope Road, Rocky Mount, NC, 27804
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.86M
- **Initial approval:** $1.86M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.67M
- **Rent:** $50K
- **Utilities:** $7K
- **Health care:** $130K
- **Jobs reported:** 143
## Lender
- **Originating:** Providence Bank
- **Servicing:** Providence Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*