# PPP loan: LOCAL MARKET, INC.
> **$260K** approved 04/14/2020 · Paid in Full · Loan `6374227101`
## Borrower
- **Name:** LOCAL MARKET, INC.
- **Address:** 1627 SPENCER MOUNTAIN RD, GASTONIA, NC, 28054-9002
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $259K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 66
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*