# PPP loan: SORBOTHANE, INC.
> **$318K** approved 05/01/2020 · Paid in Full · Loan `1817257706`
## Borrower
- **Name:** SORBOTHANE, INC.
- **Address:** 2144 St. Rt. 59, Kent, OH, 44240
- **NAICS:** 326299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $42K
- **Utilities:** $8K
- **Health care:** $60K
- **Jobs reported:** 29
## 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*