# PPP loan: IGSETT DISTRIBUTORS, INC.
> **$294K** approved 04/10/2020 · Paid in Full · Loan `2241537109`
## Borrower
- **Name:** IGSETT DISTRIBUTORS, INC.
- **Address:** 51 Highland Center Blvd, ASHEVILLE, NC, 28806-1002
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $298K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $235K
- **Rent:** $58K
- **Utilities:** $300
- **Jobs reported:** 40
## 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*