# PPP loan: THE ISLANDS CORPORATION
> **$308K** approved 04/08/2020 · Paid in Full · Loan `8038297002`
## Borrower
- **Name:** THE ISLANDS CORPORATION
- **Address:** 260 Racine Dr Suite 1, WILMINGTON, NC, 28403-8703
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $308K
- **Initial approval:** $308K
- **Forgiven:** $312K (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Jobs reported:** 92
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*