# PPP loan: CUTEK, INC
> **$488K** approved 04/27/2020 · Paid in Full · Loan `4486067205`
## Borrower
- **Name:** CUTEK, INC
- **Address:** 301 N MAIN STREET, BOERNE, TX, 78006-9999
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $476K
- **Rent:** $8K
- **Utilities:** $4K
- **Jobs reported:** 27
## Lender
- **Originating:** First Texas Bank
- **Servicing:** First Texas Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*