# PPP loan: NEW RIVER BUILDING SUPPLY INC
> **$681K** approved 04/07/2020 · Paid in Full · Loan `7378827008`
## Borrower
- **Name:** NEW RIVER BUILDING SUPPLY INC
- **Address:** 3148 NC Hwy 105 S, BOONE, NC, 28607-7309
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $681K
- **Initial approval:** $681K
- **Forgiven:** $685K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $570K
- **Rent:** $33K
- **Utilities:** $19K
- **Debt interest:** $60K
- **Jobs reported:** 64
## 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*