# PPP loan: NORTH CAROLINA ADVANCED ENERGY CORPORATION
> **$784K** approved 04/28/2020 · Paid in Full · Loan `8924257202`
## Borrower
- **Name:** NORTH CAROLINA ADVANCED ENERGY CORPORATION
- **Address:** 909 CAPABILITY DR STE 2100, RALEIGH, NC, 27606-4961
- **NAICS:** 541690
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $784K
- **Initial approval:** $784K
- **Forgiven:** $253K (32%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $784K
- **Jobs reported:** 51
## 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*