# PPP loan: TEAM CAROLINAS INC
> **$3.50M** approved 04/08/2020 · Paid in Full · Loan `8770307004`
## Borrower
- **Name:** TEAM CAROLINAS INC
- **Address:** 102 S LINK AVE, SALISBURY, NC, 28144-2524
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.54M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Jobs reported:** 500
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*