# PPP loan: MASTERWRAP INC
> **$276K** approved 04/15/2020 · Paid in Full · Loan `8437617108`
## Borrower
- **Name:** MASTERWRAP INC
- **Address:** PO Box 1219, Welcome, NC, 27374
- **NAICS:** 321211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Rent:** $42K
- **Utilities:** $7K
- **Debt interest:** $6K
- **Jobs reported:** 41
## Lender
- **Originating:** First Reliance Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*