# PPP loan: IT PRACTICE INC
> **$163K** approved 04/08/2020 · Paid in Full · Loan `7971547008`
## Borrower
- **Name:** IT PRACTICE INC
- **Address:** 5621 DEPARTURE DR STE 115, RALEIGH, NC, 27616-1842
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 14
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*