# PPP loan: NORMAC INCORPORATED
> **$529K** approved 04/07/2020 · Paid in Full · Loan `7580907001`
## Borrower
- **Name:** NORMAC INCORPORATED
- **Address:** 93 Industrial Dr, HENDERSONVILLE, NC, 28739-7895
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $529K
- **Initial approval:** $529K
- **Forgiven:** $535K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $529K
- **Jobs reported:** 15
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*