# PPP loan: WAYTEK, INC
> **$1.21M** approved 04/15/2020 · Paid in Full · Loan `1975407208`
## Borrower
- **Name:** WAYTEK, INC
- **Address:** 2440 Galpin Court P.O. Box 690, CHANHASSEN, MN, 55317
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Jobs reported:** 89
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*