# PPP loan: AMERICAN DISTILLATION INC
> **$274K** approved 07/24/2020 · Paid in Full · Loan `8031108104`
## Borrower
- **Name:** AMERICAN DISTILLATION INC
- **Address:** 1690 ROYSTER ROAD NE, LELAND, NC, 28451-7528
- **NAICS:** 325199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $274K
- **Jobs reported:** 25
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*