# PPP loan: UTEC, INC.
> **$843K** approved 04/03/2020 · Paid in Full · Loan `4371537008`
## Borrower
- **Name:** UTEC, INC.
- **Address:** 35 Warren St., LOWELL, MA, 01852-2225
- **NAICS:** 624110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $843K
- **Initial approval:** $843K
- **Forgiven:** $851K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $632K
- **Rent:** $105K
- **Utilities:** $105K
- **Jobs reported:** 87
## Lender
- **Originating:** Pentucket Bank
- **Servicing:** Pentucket Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*