# PPP loan: CHEMTEK INC
> **$327K** approved 04/14/2020 · Paid in Full · Loan `6315547103`
## Borrower
- **Name:** CHEMTEK INC
- **Address:** 3005 CARRINGTON MILL BLVD Ste 340, MORRISVILLE, NC, 27560-8885
- **NAICS:** 325611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Rent:** $64K
- **Utilities:** $11K
- **Health care:** $5K
- **Jobs reported:** 28
## 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*