# PPP loan: KABCORP, INC.
> **$551K** approved 04/07/2020 · Paid in Full · Loan `7079237008`
## Borrower
- **Name:** KABCORP, INC.
- **Address:** 8411 Glenwood Avenue Ste 107, RALEIGH, NC, 27612-7309
- **NAICS:** 443141
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $554K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 38
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*