# PPP loan: ART IS LOVE HOLDINGS, LLC
> **$1.65M** approved 04/07/2020 · Paid in Full · Loan `7396987003`
## Borrower
- **Name:** ART IS LOVE HOLDINGS, LLC
- **Address:** 406 E Main St, CARRBORO, NC, 27510-2314
- **NAICS:** 453920
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.65M
- **Initial approval:** $1.65M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.34M
- **Rent:** $112K
- **Mortgage interest:** $154K
- **Utilities:** $42K
- **Jobs reported:** 114
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*