# PPP loan: CARE RING, INC.
> **$581K** approved 04/07/2020 · Paid in Full · Loan `7615657010`
## Borrower
- **Name:** CARE RING, INC.
- **Address:** 601 E. 5th St Suite 140, CHARLOTTE, NC, 28201
- **NAICS:** 813410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $581K
- **Initial approval:** $581K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $581K
- **Jobs reported:** 50
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*