# PPP loan: HOIST & CRANE SYSTEMS INC
> **$430K** approved 03/01/2021 · Paid in Full · Loan `5572448503`
## Borrower
- **Name:** HOIST & CRANE SYSTEMS INC
- **Address:** 1020 Commercial Dr, Matthews, NC, 28104-5004
- **NAICS:** 333923
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $430K
- **Jobs reported:** 27
## 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*