# PPP loan: CAROLINA INSULATION CONTRACTORS, INC
> **$362K** approved 04/07/2020 · Paid in Full · Loan `7249987003`
## Borrower
- **Name:** CAROLINA INSULATION CONTRACTORS, INC
- **Address:** 1416 FLOYD CIR, FLORENCE, SC, 29501-6219
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $367K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $359K
- **Mortgage interest:** $2K
- **Utilities:** $1K
- **Jobs reported:** 48
## Lender
- **Originating:** Carolina Bank & Trust Co.
- **Servicing:** Carolina Bank & Trust Co. (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*