# PPP loan: CAROLINA HERITAGE INSURANCE, INC
> **$168K** approved 04/07/2020 · Paid in Full · Loan `7022907007`
## Borrower
- **Name:** CAROLINA HERITAGE INSURANCE, INC
- **Address:** 92 N MAIN ST, STE C, HILTON HEAD ISLAND, SC, 29926-1684
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $126K
- **Rent:** $25K
- **Utilities:** $8K
- **Debt interest:** $8K
- **Jobs reported:** 11
## Lender
- **Originating:** Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*