# PPP loan: FERGUSON COPELAND, LLC
> **$1.56M** approved 04/28/2020 · Paid in Full · Loan `7701687200`
## Borrower
- **Name:** FERGUSON COPELAND, LLC
- **Address:** 100 REEP DR, MORGANTON, NC, 28655-8441
- **NAICS:** 337121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.32M
- **Rent:** $66K
- **Utilities:** $49K
- **Health care:** $86K
- **Debt interest:** $36K
- **Jobs reported:** 161
## 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*