# PPP loan: NTC, INC.
> **$195K** approved 04/08/2020 · Paid in Full · Loan `8640117008`
## Borrower
- **Name:** NTC, INC.
- **Address:** 9761 CROSSPOINT BLVD, INDIANAPOLIS, IN, 46256-3317
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $10K
- **Mortgage interest:** $10K
- **Utilities:** $19K
- **Jobs reported:** 18
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*