# PPP loan: THE STONE AGENCY INC
> **$426K** approved 04/28/2020 · Paid in Full · Loan `6354437206`
## Borrower
- **Name:** THE STONE AGENCY INC
- **Address:** 3906 WAKE FOREST RD, RALEIGH, NC, 27609-6867
- **NAICS:** 541613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Rent:** $24K
- **Utilities:** $10K
- **Jobs reported:** 21
## 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*