# PPP loan: SCOTTMADDEN, INC.
> **$3.26M** approved 04/08/2020 · Paid in Full · Loan `8419387009`
## Borrower
- **Name:** SCOTTMADDEN, INC.
- **Address:** 2626 Glenwood Ave Suite 480, RALEIGH, NC, 27608-1004
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.26M
- **Initial approval:** $3.26M
- **Forgiven:** $3.12M (96%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.10M
- **Rent:** $163K
- **Jobs reported:** 174
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*