# PPP loan: PEAK RESOURCES - WILMINGTON, INC.
> **$698K** approved 04/14/2020 · Paid in Full · Loan `6234017106`
## Borrower
- **Name:** PEAK RESOURCES - WILMINGTON, INC.
- **Address:** 2305 Silver Stream Lane, WILMINGTON, NC, 28401-7645
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $698K
- **Initial approval:** $698K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $524K
- **Rent:** $145K
- **Mortgage interest:** $30K
- **Jobs reported:** 75
## 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*