# PPP loan: MCDOWELL LUMBER COMPANY INC
> **$541K** approved 02/11/2021 · Paid in Full · Loan `6887368404`
## Borrower
- **Name:** MCDOWELL LUMBER COMPANY INC
- **Address:** 2473 Falling Oak Rd, Asheboro, NC, 27205-2055
- **NAICS:** 321113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $541K
- **Initial approval:** $541K
- **Forgiven:** $545K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $541K
- **Utilities:** $1
- **Jobs reported:** 72
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*