# PPP loan: B A HOFT AND ASSOCIATES INC
> **$500K** approved 04/27/2020 · Paid in Full · Loan `4111237201`
## Borrower
- **Name:** B A HOFT AND ASSOCIATES INC
- **Address:** 7412 ACC Blvd, RALEIGH, NC, 27617
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 29
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*