# PPP loan: SOUTH ATLANTIC HATTERAS INC
> **$160K** approved 01/28/2021 · Paid in Full · Loan `7889748300`
## Borrower
- **Name:** SOUTH ATLANTIC HATTERAS INC
- **Address:** 40774 NC Hwy 12, Avon, NC, 27915
- **NAICS:** 722511
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $1
- **Jobs reported:** 23
## 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*