# PPP loan: J. P. THOMAS & CO., INCORPORATED
> **$1.96M** approved 04/07/2020 · Paid in Full · Loan `6813857007`
## Borrower
- **Name:** J. P. THOMAS & CO., INCORPORATED
- **Address:** 890 PINEVIEW RD, ASHEBORO, NC, 27203-3167
- **NAICS:** 423130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.99M (102%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Mortgage interest:** $245K
- **Utilities:** $245K
- **Jobs reported:** 209
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*