# PPP loan: WATSON CONTRACTING INC.
> **$316K** approved 03/26/2021 · Paid in Full · Loan `9912878607`
## Borrower
- **Name:** WATSON CONTRACTING INC.
- **Address:** 3940 Old Murphy Rd, Franklin, NC, 28734-7703
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 05/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $316K
- **Jobs reported:** 32
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*