# PPP loan: E. J. VICTOR INC.
> **$1.50M** approved 03/08/2021 · Paid in Full · Loan `8052668510`
## Borrower
- **Name:** E. J. VICTOR INC.
- **Address:** 110 Wamsutta Mill Rd, Morganton, NC, 28655-5551
- **NAICS:** 337121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (100%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Utilities:** $1
- **Jobs reported:** 163
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*