# PPP loan: KONTANE INC
> **$2.35M** approved 04/10/2020 · Paid in Full · Loan `2129327105`
## Borrower
- **Name:** KONTANE INC
- **Address:** PO Box 1702, HICKORY, NC, 28603
- **NAICS:** 541614
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.35M
- **Initial approval:** $2.35M
- **Forgiven:** $2.39M (102%)
- **Forgiveness date:** 05/17/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.35M
- **Jobs reported:** 263
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*