# PPP loan: CAROLINA COTTON WORKS INC.
> **$1.57M** approved 04/22/2021 · Paid in Full · Loan `8618868805`
## Borrower
- **Name:** CAROLINA COTTON WORKS INC.
- **Address:** 14 Commerce Dr, Gaffney, SC, 29340-4506
- **NAICS:** 314999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.57M
- **Utilities:** $1
- **Jobs reported:** 146
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*