# PPP loan: AMERICATOWNE HOLDINGS INC.
> **$416K** approved 02/05/2021 · Paid in Full · Loan `3492248405`
## Borrower
- **Name:** AMERICATOWNE HOLDINGS INC.
- **Address:** 4700 Homewood Ct Ste 100, Raleigh, NC, 27609-5732
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $419K (101%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $416K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Mechanics & Farmers Bank
- **Servicing:** Mechanics & Farmers Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*