# PPP loan: H.W. CULP LUMBER COMPANY
> **$1.74M** approved 04/14/2020 · Paid in Full · Loan `7484747110`
## Borrower
- **Name:** H.W. CULP LUMBER COMPANY
- **Address:** 491 Old US Highway 52, New London, NC, 27127-9000
- **NAICS:** 321113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.74M
- **Initial approval:** $1.74M
- **Forgiven:** $1.75M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.74M
- **Jobs reported:** 119
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*