# PPP loan: SOL-TECH GROUP INC
> **$243K** approved 05/01/2020 · Paid in Full · Loan `2203417706`
## Borrower
- **Name:** SOL-TECH GROUP INC
- **Address:** 4273 Salzman Rd., MIDDLETOWN, OH, 45044
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $35K
- **Utilities:** $4K
- **Jobs reported:** 32
## 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*