# PPP loan: XTEC, INCORPORATED
> **$1.58M** approved 05/12/2020 · Paid in Full · Loan `5559847406`
## Borrower
- **Name:** XTEC, INCORPORATED
- **Address:** 5775 BLUE LAGOON DR, MIAMI, FL, 33126-2034
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Utilities:** $289K
- **Jobs reported:** 78
## Lender
- **Originating:** Amerant Bank, National Association
- **Servicing:** Amerant Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*