# PPP loan: MACTECH INCORPORATED
> **$1.41M** approved 04/05/2020 · Paid in Full · Loan `5534147009`
## Borrower
- **Name:** MACTECH INCORPORATED
- **Address:** 4097 Pepin Ave Unit 4, RED WING, MN, 55066-1839
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.13M (80%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.41M
- **Jobs reported:** 93
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*