# PPP loan: GYMTEK INCORPORATED
> **$153K** approved 06/25/2020 · Paid in Full · Loan `4023038000`
## Borrower
- **Name:** GYMTEK INCORPORATED
- **Address:** 6853 INDY DR, BELVIDERE, IL, 61008-8769
- **NAICS:** 332722
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $114K
- **Utilities:** $38K
- **Jobs reported:** 15
## Lender
- **Originating:** Northwest Bank of Rockford
- **Servicing:** Northwest Bank of Rockford (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*