# PPP loan: SAPONA MANUFACTURING COMPANY INCORPORATED
> **$1.65M** approved 04/10/2020 · Paid in Full · Loan `1310097108`
## Borrower
- **Name:** SAPONA MANUFACTURING COMPANY INCORPORATED
- **Address:** 2478 CEDAR FALLS RD, FRANKLINVILLE, NC, 27248-8060
- **NAICS:** 313110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.65M
- **Initial approval:** $1.65M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Utilities:** $350K
- **Health care:** $150K
- **Jobs reported:** 211
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*