# PPP loan: KINETIC INSTITUTE PHYSICAL THERAPY INC.
> **$162K** approved 01/26/2021 · Paid in Full · Loan `5913868303`
## Borrower
- **Name:** KINETIC INSTITUTE PHYSICAL THERAPY INC.
- **Address:** 1210 Carthage St, Sanford, NC, 27330-8984
- **NAICS:** 621340
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 14
## 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*