# PPP loan: TECHNIC, INC.
> **$5.51M** approved 04/10/2020 · Paid in Full · Loan `1344817108`
## Borrower
- **Name:** TECHNIC, INC.
- **Address:** 47 Molter Street 0.0, Cranston, RI, 02910-1011
- **NAICS:** 325998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.51M
- **Initial approval:** $5.51M
- **Forgiven:** $5.58M (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.93M
- **Rent:** $117K
- **Mortgage interest:** $50K
- **Utilities:** $935K
- **Health care:** $475K
- **Jobs reported:** 399
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*