# PPP loan: PROMISE RESOURCE NETWORK INC
> **$215K** approved 04/09/2020 · Paid in Full · Loan `8902627009`
## Borrower
- **Name:** PROMISE RESOURCE NETWORK INC
- **Address:** 1041 Hawthorne Lane, CHARLOTTE, NC, 28205-2915
- **NAICS:** 621399
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $305K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Rent:** $14K
- **Mortgage interest:** $500
- **Utilities:** $5K
- **Jobs reported:** 23
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*