# PPP loan: MICROTHERMICS INC
> **$411K** approved 02/18/2021 · Paid in Full · Loan `9936298408`
## Borrower
- **Name:** MICROTHERMICS INC
- **Address:** 3216 Wellington Ct Ste 102, Raleigh, NC, 27615-4122
- **NAICS:** 423490
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $413K (100%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $411K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*