# PPP loan: CRABTREE DEVELOPMENT CORP
> **$1.70M** approved 01/31/2021 · Exemption 4 · Loan `9780218300`
## Borrower
- **Name:** CRABTREE DEVELOPMENT CORP
- **Address:** 509 Pylon Dr, Raleigh, NC, 27606-1414
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $119K
- **Forgiven:** $1.62M (95%)
- **Forgiveness date:** 01/19/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.70M
- **Jobs reported:** 12
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*