# PPP loan: PROTOCHIPS INC.
> **$742K** approved 01/20/2021 · Paid in Full · Loan `2080298310`
## Borrower
- **Name:** PROTOCHIPS INC.
- **Address:** 3800 Gateway Centre Blvd Ste 306, Morrisville, NC, 27560-6221
- **NAICS:** 541690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $742K
- **Initial approval:** $742K
- **Forgiven:** $746K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $742K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Triad Business Bank
- **Servicing:** Triad Business Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*