# PPP loan: RENNTECH INC.
> **$328K** approved 05/06/2020 · Paid in Full · Loan `2915237404`
## Borrower
- **Name:** RENNTECH INC.
- **Address:** 7825 SW Ellipse Way, Stuart, FL, 34997
- **NAICS:** 336111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $328K
- **Initial approval:** $328K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Utilities:** $33K
- **Health care:** $66K
- **Jobs reported:** 26
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*