# PPP loan: FORMATIX CORPORATION
> **$334K** approved 01/25/2021 · Paid in Full · Loan `5537838300`
## Borrower
- **Name:** FORMATIX CORPORATION
- **Address:** 9 Colt Ct, Ronkonkoma, NY, 11779-6949
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $338K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $334K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*