# PPP loan: SCOTLAND MANUFACTURING, INC.
> **$573K** approved 04/07/2020 · Paid in Full · Loan `7459277000`
## Borrower
- **Name:** SCOTLAND MANUFACTURING, INC.
- **Address:** 22261 SKYWAY CHURCH RD, MAXTON, NC, 28364-6484
- **NAICS:** 331210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $573K
- **Initial approval:** $573K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $18K
- **Utilities:** $45K
- **Health care:** $50K
- **Debt interest:** $10K
- **Jobs reported:** 436
## 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*