# PPP loan: NATIONAL COATINGS, INC.
> **$2.14M** approved 04/08/2020 · Paid in Full · Loan `7828307003`
## Borrower
- **Name:** NATIONAL COATINGS, INC.
- **Address:** 5115 New Bern Avenue, RALEIGH, NC, 27610-1429
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.14M
- **Initial approval:** $2.96M
- **Forgiven:** $2.16M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.14M
- **Jobs reported:** 29
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*