# PPP loan: FOAMTECH INC
> **$500K** approved 01/17/2021 · Paid in Full · Loan `1480668308`
## Borrower
- **Name:** FOAMTECH INC
- **Address:** 4515 Western Ave, Woodward, OK, 73801-9410
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Bank 7
- **Servicing:** Bank 7 (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*