# PPP loan: SPECIALTY WATER TECHNOLOGIES INC
> **$675K** approved 04/13/2020 · Paid in Full · Loan `5004197103`
## Borrower
- **Name:** SPECIALTY WATER TECHNOLOGIES INC
- **Address:** 104 FLEX AVE, PORTLAND, TN, 37148-1503
- **NAICS:** 221310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $675K
- **Initial approval:** $675K
- **Forgiven:** $683K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $600K
- **Rent:** $32K
- **Utilities:** $25K
- **Debt interest:** $18K
- **Jobs reported:** 48
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*