# PPP loan: NITCO INC
> **$777K** approved 04/27/2020 · Paid in Full · Loan `3579177208`
## Borrower
- **Name:** NITCO INC
- **Address:** 440 Cobia Dr, Suite 1701, Katy, TX, 77494-7139
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $777K
- **Initial approval:** $777K
- **Forgiven:** $787K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $583K
- **Mortgage interest:** $97K
- **Utilities:** $97K
- **Jobs reported:** 42
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*