# PPP loan: JTEC INDUSTRIES INC
> **$1.16M** approved 04/04/2020 · Paid in Full · Loan `4861107000`
## Borrower
- **Name:** JTEC INDUSTRIES INC
- **Address:** 201 Carver lane, EAST PEORIA, IL, 61611-3016
- **NAICS:** 541420
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $867K
- **Rent:** $289K
- **Jobs reported:** 87
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*