# PPP loan: IT PEOPLE CORPORATION
> **$1.71M** approved 04/08/2020 · Paid in Full · Loan `8546857000`
## Borrower
- **Name:** IT PEOPLE CORPORATION
- **Address:** 1 COPLEY PKWY Suite 216, MORRISVILLE, NC, 27560-7423
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.64M
- **Rent:** $20K
- **Utilities:** $10K
- **Health care:** $40K
- **Jobs reported:** 106
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*