# PPP loan: LABOR SOURCE, INC.
> **$229K** approved 04/14/2020 · Paid in Full · Loan `7934797101`
## Borrower
- **Name:** LABOR SOURCE, INC.
- **Address:** 2640 Willard Dairy Road, Suite 102, HIGH POINT, NC, 27265
- **NAICS:** 813930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Mortgage interest:** $1K
- **Jobs reported:** 40
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*