# PPP loan: PROLITEC INC.
> **$947K** approved 04/13/2020 · Paid in Full · Loan `5539067106`
## Borrower
- **Name:** PROLITEC INC.
- **Address:** 1235 W. Canal St, Milwaukee, WI, 53233
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $947K
- **Initial approval:** $947K
- **Forgiven:** $955K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $885K
- **Mortgage interest:** $50K
- **Utilities:** $12K
- **Jobs reported:** 56
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*