# PPP loan: MICROTHERMICS, INC
> **$406K** approved 04/14/2020 · Paid in Full · Loan `6648547101`
## Borrower
- **Name:** MICROTHERMICS, INC
- **Address:** 3216 Wellington Court, Raleigh, NC, 27615
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $406K
- **Jobs reported:** 34
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*