# PPP loan: CHS SERVICES INC
> **$526K** approved 04/14/2020 · Exemption 4 · Loan `6232987100`
## Borrower
- **Name:** CHS SERVICES INC
- **Address:** 3600 S COLLEGE RD, WILMINGTON, NC, 28412-5240
- **NAICS:** 561720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $526K
- **Initial approval:** $526K
- **Forgiven:** $25K (5%)
- **Forgiveness date:** 06/05/2023
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $526K
- **Jobs reported:** 5
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*