# PPP loan: SHEAR MADNESS INC
> **$480K** approved 05/01/2020 · Paid in Full · Loan `8950697710`
## Borrower
- **Name:** SHEAR MADNESS INC
- **Address:** 18701 maplecroft lake ln, davidson, NC, 28036
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $485K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Jobs reported:** 33
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*