# PPP loan: THERMCRAFT INC.
> **$612K** approved 04/09/2020 · Paid in Full · Loan `9108197008`
## Borrower
- **Name:** THERMCRAFT INC.
- **Address:** 3950 Overdale Road, WINSTON SALEM, NC, 27107-6106
- **NAICS:** 333994
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $612K
- **Forgiven:** $618K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $470K
- **Rent:** $50K
- **Utilities:** $22K
- **Health care:** $70K
- **Jobs reported:** 59
## 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*