# PPP loan: NATIONAL TRANSFORMER SALES, INC.
> **$397K** approved 04/08/2020 · Paid in Full · Loan `8628537002`
## Borrower
- **Name:** NATIONAL TRANSFORMER SALES, INC.
- **Address:** 2613 DISCOVERY DR Suite B, RALEIGH, NC, 27616-1818
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Jobs reported:** 21
## 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*