# PPP loan: PANETOLION  INC
> **$218K** approved 04/28/2020 · Paid in Full · Loan `7051427200`
## Borrower
- **Name:** PANETOLION  INC
- **Address:** 930 NC Highway 66 S, KERNERSVILLE, NC, 27284-3133
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $178K
- **Rent:** $25K
- **Utilities:** $15K
- **Jobs reported:** 65
## 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*