# PPP loan: BANNER ELK CAFE & LODGE INC.
> **$303K** approved 01/26/2021 · Paid in Full · Loan `6281048310`
## Borrower
- **Name:** BANNER ELK CAFE & LODGE INC.
- **Address:** 324 Shawneehaw Ave, Banner Elk, NC, 28604-9719
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $303K
- **Initial approval:** $303K
- **Forgiven:** $306K (101%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $303K
- **Utilities:** $1
- **Jobs reported:** 102
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*