# PPP loan: TORYON TECHNOLOGIES INC.
> **$160K** approved 01/25/2021 · Paid in Full · Loan `5110708308`
## Borrower
- **Name:** TORYON TECHNOLOGIES INC.
- **Address:** 1750 Todd Farm Dr Ste C, Elgin, IL, 60123-1137
- **NAICS:** 423690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 14
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*