# PPP loan: FRENZELIT INC
> **$669K** approved 04/09/2020 · Paid in Full · Loan `1093347103`
## Borrower
- **Name:** FRENZELIT INC
- **Address:** 4165 OLD SALISBURY RD, LEXINGTON, NC, 27295-6870
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $669K
- **Initial approval:** $669K
- **Forgiven:** $632K (94%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $669K
- **Jobs reported:** 49
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*