# PPP loan: ROOF TECH, INC.
> **$426K** approved 04/06/2020 · Paid in Full · Loan `5691537001`
## Borrower
- **Name:** ROOF TECH, INC.
- **Address:** 1775 INDUSTRIAL BLVD, STILLWATER, MN, 55082-5027
- **NAICS:** 238160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $15K
- **Debt interest:** $15K
- **Jobs reported:** 30
## Lender
- **Originating:** Lake Elmo Bank
- **Servicing:** Lake Elmo Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*