# PPP loan: TIMEOUT MARKETS, LLC
> **$196K** approved 04/07/2020 · Paid in Full · Loan `6992287007`
## Borrower
- **Name:** TIMEOUT MARKETS, LLC
- **Address:** 2707 Asheville Rd, WAYNESVILLE, NC, 28786-2723
- **NAICS:** 541214
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $146K
- **Rent:** $4K
- **Utilities:** $23K
- **Health care:** $22K
- **Jobs reported:** 205
## 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*