# PPP loan: SYNCOT PLASTICS INC
> **$1.24M** approved 02/11/2021 · Paid in Full · Loan `7268498403`
## Borrower
- **Name:** SYNCOT PLASTICS INC
- **Address:** 1852 Cassamia Pl, Charlotte, NC, 28211-1623
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.24M
- **Utilities:** $1
- **Jobs reported:** 129
## Lender
- **Originating:** HomeTrust Bank
- **Servicing:** HomeTrust Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*