# PPP loan: NORMAC INCORPORATED
> **$522K** approved 01/29/2021 · Paid in Full · Loan `8091118305`
## Borrower
- **Name:** NORMAC INCORPORATED
- **Address:** 93 Industrial Dr, Hendersonville, NC, 28739-7895
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 11/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $522K
- **Utilities:** $1
- **Jobs reported:** 18
## 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*