# PPP loan: VANGUARD FURNITURE CO., INC.
> **$5.57M** approved 04/28/2020 · Paid in Full · Loan `6833207204`
## Borrower
- **Name:** VANGUARD FURNITURE CO., INC.
- **Address:** 109 SIMPSON ST, CONOVER, NC, 28613-8206
- **NAICS:** 337121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.57M
- **Initial approval:** $5.57M
- **Forgiven:** $5.64M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.25M
- **Rent:** $64K
- **Mortgage interest:** $104K
- **Utilities:** $150K
- **Jobs reported:** 500
## 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*