# PPP loan: POLYTECH FIBERS LLC
> **$850K** approved 04/11/2020 · Paid in Full · Loan `3030377103`
## Borrower
- **Name:** POLYTECH FIBERS LLC
- **Address:** 2017 Highway 411 N 0.0, Chatsworth, GA, 30705-2133
- **NAICS:** 325220
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $856K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $680K
- **Rent:** $8K
- **Mortgage interest:** $55K
- **Utilities:** $56K
- **Health care:** $40K
- **Debt interest:** $11K
- **Jobs reported:** 81
## 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*