# PPP loan: HORIZON CARBIDE TOOL INC.
> **$208K** approved 04/27/2020 · Paid in Full · Loan `5959567208`
## Borrower
- **Name:** HORIZON CARBIDE TOOL INC.
- **Address:** 2404 S Industrial Park Ave, Tempe, AZ, 85282
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $211K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Jobs reported:** 21
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*