# PPP loan: FEDERAL FOAM TECHNOLOGIES, INC.
> **$3.51M** approved 04/10/2020 · Paid in Full · Loan `2478927106`
## Borrower
- **Name:** FEDERAL FOAM TECHNOLOGIES, INC.
- **Address:** 600 Wisconsin Drive, NEW RICHMOND, WI, 54017-2608
- **NAICS:** 326150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.51M
- **Initial approval:** $3.51M
- **Forgiven:** $3.56M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.13M
- **Rent:** $120K
- **Mortgage interest:** $58K
- **Utilities:** $200K
- **Jobs reported:** 281
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*