# PPP loan: APPLI-TEC INC
> **$550K** approved 04/10/2020 · Paid in Full · Loan `1286037100`
## Borrower
- **Name:** APPLI-TEC INC
- **Address:** 7 INDUSTRIAL WAY UNIT 1, SALEM, NH, 03079-2817
- **NAICS:** 325520
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Jobs reported:** 38
## Lender
- **Originating:** Bank of New England
- **Servicing:** Bank of New England (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*