# PPP loan: GEOLOGIC EXPLORATION INC.
> **$355K** approved 04/07/2020 · Paid in Full · Loan `7245487009`
## Borrower
- **Name:** GEOLOGIC EXPLORATION INC.
- **Address:** 176 COMMERCE BLVD, STATESVILLE, NC, 28625-8526
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Jobs reported:** 40
## Lender
- **Originating:** BlueHarbor Bank
- **Servicing:** BlueHarbor Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*