# PPP loan: ALTEC PACKAGING, INC.
> **$313K** approved 04/15/2020 · Exemption 4 · Loan `1964917202`
## Borrower
- **Name:** ALTEC PACKAGING, INC.
- **Address:** 1711 Junction Court,  Suite 350, SAN JOSE, CA, 95112
- **NAICS:** 424130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $313K
- **Initial approval:** $313K
- **Forgiven:** $197K (63%)
- **Forgiveness date:** 08/03/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $313K
- **Jobs reported:** 7
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*