# PPP loan: TECHNI-CAST CORP.
> **$1.59M** approved 04/13/2020 · Paid in Full · Loan `5041987103`
## Borrower
- **Name:** TECHNI-CAST CORP.
- **Address:** 11220 S. Garfield Ave., South Gate, CA, 90280
- **NAICS:** 331511
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.59M
- **Jobs reported:** 100
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*