# PPP loan: GROUP TECH INC.
> **$551K** approved 04/28/2021 · Paid in Full · Loan `3297268906`
## Borrower
- **Name:** GROUP TECH INC.
- **Address:** 1100 Quail St Ste 210, Newport Beach, CA, 92660-2700
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $557K (101%)
- **Forgiveness date:** 05/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 27
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*