# PPP loan: RYAN SCOTT INC
> **$430K** approved 04/14/2020 · Exemption 4 · Loan `6117277104`
## Borrower
- **Name:** RYAN SCOTT INC
- **Address:** 4160 MEndenhall Oaks Pkwy Suite 103, HIGH POINT, NC, 27265
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $358K (83%)
- **Forgiveness date:** 03/11/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $353K
- **Rent:** $65K
- **Utilities:** $13K
- **Jobs reported:** 29
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*