# PPP loan: AMERICAN PRODUCTS INC
> **$1.00M** approved 04/15/2020 · Paid in Full · Loan `9875487100`
## Borrower
- **Name:** AMERICAN PRODUCTS INC
- **Address:** 11815 Downs Road, Pineville, NC, 28134
- **NAICS:** 111211
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Jobs reported:** 57
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*