# PPP loan: NATIONAL COATINGS, INC.
> **$2.00M** approved 02/13/2021 · Paid in Full · Loan `8163008405`
## Borrower
- **Name:** NATIONAL COATINGS, INC.
- **Address:** 5115 New Bern Ave Ste 110, Raleigh, NC, 27610-1429
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.04M (102%)
- **Forgiveness date:** 04/21/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 103
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*