# PPP loan: DEBOTECH INC.
> **$592K** approved 04/02/2021 · Exemption 4 · Loan `5642338708`
## Borrower
- **Name:** DEBOTECH INC.
- **Address:** 160 Overhill Dr, Mooresville, NC, 28117-8006
- **NAICS:** 336211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $592K
- **Initial approval:** $592K
- **Forgiven:** $524K (89%)
- **Forgiveness date:** 06/23/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $592K
- **Utilities:** $1
- **Jobs reported:** 61
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*