# PPP loan: SUNTECHPROS, INC
> **$505K** approved 04/08/2020 · Paid in Full · Loan `8296677001`
## Borrower
- **Name:** SUNTECHPROS, INC
- **Address:** 5920 S MIAMI BLVD Suite 205-B, MORRISVILLE, NC, 27560-0217
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $413K
- **Rent:** $6K
- **Mortgage interest:** $5K
- **Utilities:** $36K
- **Health care:** $35K
- **Debt interest:** $9K
- **Jobs reported:** 37
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*