# PPP loan: ULTRATECH INCORPORATED
> **$703K** approved 04/05/2020 · Paid in Full · Loan `5541577007`
## Borrower
- **Name:** ULTRATECH INCORPORATED
- **Address:** 251 COVINGTON DR, BLOOMINGDALE, IL, 60108-3109
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $703K
- **Initial approval:** $703K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $527K
- **Mortgage interest:** $88K
- **Utilities:** $88K
- **Jobs reported:** 53
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*