# PPP loan: NEW HORIZON TOWERS INC
> **$192K** approved 02/12/2021 · Paid in Full · Loan `7627378405`
## Borrower
- **Name:** NEW HORIZON TOWERS INC
- **Address:** 3654 NC Highway 111 S, Seven Springs, NC, 28578-8852
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **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*