# PPP loan: THE ITECH GROUP INC.
> **$185K** approved 04/04/2020 · Paid in Full · Loan `4991147010`
## Borrower
- **Name:** THE ITECH GROUP INC.
- **Address:** 355 PACIFIC ST, SAN LUIS OBISPO, CA, 93401-3825
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $187K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $35K
- **Jobs reported:** 13
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*