# PPP loan: WATSON CONTRACTING INC.
> **$255K** approved 04/29/2020 · Paid in Full · Loan `3238997307`
## Borrower
- **Name:** WATSON CONTRACTING INC.
- **Address:** 3940 Old Murphy Road, Franklin, NC, 28734
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 32
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*