# PPP loan: INTERTEC CORPORATION
> **$3.63M** approved 04/05/2020 · Paid in Full · Loan `5176337006`
## Borrower
- **Name:** INTERTEC CORPORATION
- **Address:** 3400 EXECUTIVE PKWY, TOLEDO, OH, 43606-1317
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.63M
- **Initial approval:** $3.63M
- **Forgiven:** $3.67M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.78M
- **Rent:** $25K
- **Utilities:** $25K
- **Health care:** $800K
- **Jobs reported:** 169
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*